Question 1 The following information represent Mooncake Corporation RM 3,549,000 179,000 911,000 788,000 Details Sales Cash Inventory Current liabilities Asset turnover Current ratio Debt to asset ratio Receivables turnover Calculate the following items: a. Accounts receivables b. Fixed asset c. Long Term Debt d. Debt to Asset Ratio 1.40 2.95 times 40% 7 times

Question 1 The following information represent Mooncake Corporation RM 3,549,000 179,000 911,000 788,000 Details Sales Cash Inventory Current liabilities Asset turnover Current ratio Debt to asset ratio Receivables turnover Calculate the following items: a. Accounts receivables b. Fixed asset c. Long Term Debt d. Debt to Asset Ratio 1.40 2.95 times 40% 7 times

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.10P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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Current Attempt in Progress XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $27,476 Accounts payable and accruals $154,860 Accounts receivable $143,519 Short-term notes payable $21,255 Inventory $212,379 Total current liabilities $176,115 Total current assets $383,374 Long term debt $155,510 Net plant and equipment $602,704 Total liabilities $331,625 Goodwill and other assets $42,422 Common stock $312,719 Retained earnings $384,156 Total assets $1,028,500 Total liabilities and equity $1,028,500 In addition, it was reported that the firm had a net income of: $158,402 and net sales of: $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g.…
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