Question 4 of 6 Cash Accounts receivable (net) Inventory Plant assets (net) Accounts payable Mortgage payable (15%) Common-stock, $10 par Retained earnings 1. 2 Additional information for 2022: 4. 5. < > Balance Sheets December 31 (a) (b) $33,105 154,490 132,420 441,400 $761,415 $ 110,350 220,700 308,980 121,385 Current ratio. 2022 $761,415 $706,240 Net income was $31,700. Sales on account were $395,400. Sales returns and allowances amounted to $29,700. Cost of goods sold was $226,500. Net cash provided by operating activities was $58,400. Capital expenditures were $26,700, and cash dividends were $20,500. 2021 $66,210 132,420 110,350 397,260 $706,240 $ 132,420 220,700 264,840 88,280 Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) Accounts receivable turnover. (c) Average collection period. :1 times 0/10 days 123 ...
Question 4 of 6 Cash Accounts receivable (net) Inventory Plant assets (net) Accounts payable Mortgage payable (15%) Common-stock, $10 par Retained earnings 1. 2 Additional information for 2022: 4. 5. < > Balance Sheets December 31 (a) (b) $33,105 154,490 132,420 441,400 $761,415 $ 110,350 220,700 308,980 121,385 Current ratio. 2022 $761,415 $706,240 Net income was $31,700. Sales on account were $395,400. Sales returns and allowances amounted to $29,700. Cost of goods sold was $226,500. Net cash provided by operating activities was $58,400. Capital expenditures were $26,700, and cash dividends were $20,500. 2021 $66,210 132,420 110,350 397,260 $706,240 $ 132,420 220,700 264,840 88,280 Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) Accounts receivable turnover. (c) Average collection period. :1 times 0/10 days 123 ...
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On my last try please help finding out current ratio , accounts receivable turnover, average collection turnover, days in inventory, free cash flow
Transcribed Image Text:<
Chapter 13 Assign...
Question 4 of 6
Retained earnings
1.
2.
Accounts payable
Mortgage payable (15%)
Common-stock, $10 par
3.
4.
5.
Additional information for 2022:
(a)
(b)
Cash
Accounts receivable (net)
Inventory
Plant assets (net)
(c)
(d)
(f)
(e)
Balance Sheets
December 31
WP NWP Assessment...
Current ratio.
2022
132,420
441,400
$761,415
$ 110,350
220,700
308,980
Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2
decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for
calculation.)
Inventory turnover.
Free cash flow.
$33,105
154,490
121,385
$761,415
Average collection period.
Days in inventory.
Accounts receivable turnover.
Textbook and Media
Net income was $31,700.
Sales on account were $395,400. Sales returns and allowances amounted to $29,700.
Cost of goods sold was $226,500.
education.wiley.com
Net cash provided by operating activities was $58,400.
Capital expenditures were $26,700, and cash dividends were $20,500.
2021
$66,210
132,420
110,350
397,260
$706,240
$ 132,420
220,700
264,840
88,280
$706,240
magazeta
WP NWP Assessment...
:1
times
days
times
0/10
days
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