Please help me with show all calculation thanku Red Company and Green Company reported the following information in their financial statements:RedCompany(FIFO)$millions20212020Sales$60,00052,000GreenCompany(LIFO)COGS$45,00036,000Inventories Sales$15,00013,000$85,00082,000COGS$75,00060,000Inventories$30,00027,000To the closest hundredth, how much is 2021 inventory turnover for Green Company? Please keep two digits of youranswer.

The ratio analysis helps to analyze the financial statements of the business on the basis if the…

Red Company and Green Company reported the following information in their financial statements: Red Company (FIFO) Green Company (LIFO) $millions Sales 2021 2020 $60,000 52,000 COGS $45,000 36,000 Inventories Sales $15,000 13,000 $85,000 COGS $75,000 82,000 60,000 Inventories $30,000 27,000 To the closest hundredth, how much is 2021 inventory turnover for Green Company? Please keep two digits of your answer.

Red Company and Green Company reported the following information in their financial statements: Red Company (FIFO) Green Company (LIFO) $millions Sales 2021 2020 $60,000 52,000 COGS $45,000 36,000 Inventories Sales $15,000 13,000 $85,000 COGS $75,000 82,000 60,000 Inventories $30,000 27,000 To the closest hundredth, how much is 2021 inventory turnover for Green Company? Please keep two digits of your answer.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Selected comparative statement data for Oriole Company are presented below. All balance sheet data are as of December 31. 20222021Net sales$1,165,000 $1,125,000Cost of goods sold705,000 645,000Interest expense20,000 15,000Net income154,945 145,000Accounts receivable145,000 125,000Inventory105,000 100,000Total assets785,000 700,000Preferred stock (6%)205,000 200,000Total stockholders’ equity635,000 525,000 Compute the following ratios for 2022. (Round answers to 1 decimal place, e.g. 1.8 or 2.5%) (a)Profit marginenter the profit margin in percentages %(b)Asset turnoverenter the asset turnover in times times(c)Return on assetsenter the return on assets in percentages %(d)Return on common stockholders’ equityenter the return on common stockholders' equity in percentages %
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