pe and Enya Guinea Coconut Company are as follows:$ 550Balance Sheet ($000)2,500Cash1.100Accounts receivable$ 4,150InventoriesCurrent assets4,700Net fined assets$8.850Total assets$1,200Accounts payable680Accrued expenses320Short-term notes payable$2.200Current liabilities2,300Long-term debtOwners equityTotal liabilities and owners' equity4.350$8850Income Statement ($000)Sales (all credit)$8,300Cost of goods soldGross profit(3.500)4.800Operating expenses (includes $600 depreciation)13.000)Operating profits$1.800Interest expense(380)Earnings before taxes$1,420Income taxes (20%)(284)Net income$1.136Calculate the following ratios:Current ratioTimes interest earnedInventory turnoverTotal asset turnoverOperating return on assetsDebt ratioAverage collection periodFixed-asset turnoverOperating profit marginReturn on equity

Name: pe and Enya Guinea Coconut Company are as follows:$ 550Balance Sheet
Uploaded: 2022-11-18T00:26:54.000Z
Channel: Bartleby
Description: pe and Enya Guinea Coconut Company are as follows:$ 550Balance Sheet ($000)2,500Cash1.100Accounts receivable$ 4,150InventoriesCurrent assets4,700Net fined assets$8.850Total assets$1,200Accounts payable680Accrued expenses320Short-term notes payable$2

SOLUTION- RATIO ANALYSIS- IT IS THE PROCESS OF EXAMINING AND COMPARING FINANCIAL INFORMATION BY…

Business

Accounting

X4-6. (Ratio analysis) The balance sheet and ine M Guinea Coconut Company are as follows: Balance Sheet ($000) New $ 550 2,500 Cash 1.100 $ 4,150 Accounts receivable Inventories Current assets 4,700 Net fined assets $8.850 Total assets $1,200 Accounts payable 680 Accrued expenses 320 Short-term notes payable $2.200 Current liabilities 2,300 Long-term debt 4,350 $8,850 Owners' equity Total liabilities and owners' equity Income Statement ($000) Sales (all credit) $8,300 Cost of goods sold (3.500) Gross profit 4.800 Operating expenses (includes $600 depreciation) Operating profits (3.000) $1,800 Interest expense (380) $1,420 Earnings before taxes Income taxes (20%) (284) Net income $1.136 Calculate the following ratios: Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed-asset turnover Return on equity

X4-6. (Ratio analysis) The balance sheet and ine M Guinea Coconut Company are as follows: Balance Sheet ($000) New $ 550 2,500 Cash 1.100 $ 4,150 Accounts receivable Inventories Current assets 4,700 Net fined assets $8.850 Total assets $1,200 Accounts payable 680 Accrued expenses 320 Short-term notes payable $2.200 Current liabilities 2,300 Long-term debt 4,350 $8,850 Owners' equity Total liabilities and owners' equity Income Statement ($000) Sales (all credit) $8,300 Cost of goods sold (3.500) Gross profit 4.800 Operating expenses (includes $600 depreciation) Operating profits (3.000) $1,800 Interest expense (380) $1,420 Earnings before taxes Income taxes (20%) (284) Net income $1.136 Calculate the following ratios: Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed-asset turnover Return on equity

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 9.4.13P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

See similar textbooks

Similar questions

Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Asset turnover
The following items were excerpted from Poeltl, Inc.'s balance sheets: December 31, 2023December 31, 2022Cash$86,300$59,000Accounts receivable65,60070,600Inventory157,000150.300Property and equipment794,500745,400Accumulated depreciation(184,000)(168,200)Accounts payable61,00050,600Wages payable20,40023,000 Poeltl's 2023 income statement showed net income of $463,000, depreciation expense of $57,000, and a gain on disposal of equipment of $16,000. On Poeltl's 2023 statement of cash flows, how much is Net Cash Provided by Operating Activities?
Calculate the following for Co. XYZ: c. Average collection period (365 days) d. Times interest earned Assets: Cash and marketable securities $400,000Accounts receivable 1,415,000Inventories 1,847,500Prepaid expenses 24,000Total current assets $3,686,500Fixed assets 2,800,000Less: accumulated depreciation 1,087,500Net fixed assets $1,712,500Total assets $5,399,000Liabilities: Accounts payable $600,000Notes payable 875,000Accrued taxes Total current liabilities $1,567,000Long-term debt 900,000Owner's equity Total liabilities and owner's equity Co. XYZ Income Statement: Net sales (all credit) $6,375,000Less: Cost of goods sold 4,375,000Selling and administrative expense 1,000,500Depreciation expense 135,000Interest expense Earnings before taxes $765,000Income taxes Net income Common stock dividends $230,000Change in retained earnings
Blum Services has the following unadjusted balances at year-end.Cash $12,900Prepaid insurance 2,000Office supplies 1,300Office equipment 10,500Accumulated depreciation–office equipment 3,500Accounts payable 2,900Salaries payable -0-Unearned service revenue 4,500A.L.Blum, capital 11,750A.L.Blum, drawing 5,600Service revenue 13,350Salary expense 3,700Depreciation expense -0-Supplies expense -0-Insurance expense -0-The following information is available to use in making adjusting entries.a. Office supplies on hand at year-end: $250b. Prepaid insurance expired during the year: $325c. Unearned revenue remaining at year-end: $2,500d. Depreciation expense for the year: $1,800e. Accrued salaries at year-end: $900From the above information prepare the adjusted trial balance for the company (NB.Worksheet must include unadjusted trial balance, adjustments, and the adjusted trialbalance.
JEY-4322 Inc. reported the following data for last year: JEY-4322 Inc.Balance Sheet Beginning BalanceEnding BalanceAssets Cash$ 128,000$ 139,000Accounts receivable331,000481,000Inventory567,000471,000Plant and equipment, net894,000869,000Investment in Tesla Inc.400,000428,000Land (undeveloped)246,000249,000Total assets$ 2,566,000$ 2,637,000Liabilities and Stockholders' Equity Accounts payable$ 382,000$ 341,000Long-term debt981,000981,000Stockholders' equity1,203,0001,315,000Total liabilities and stockholders' equity$ 2,566,000$ 2,637,000 JEY-4322 Inc.Income StatementSales $ 3,880,000Operating expenses 3,336,800Net operating income 543,200Interest and taxes: Interest expense$ 111,000 Tax expense197,000308,000Net income $ 235,200 JEY-4322 Inc. paid dividends of $123,200 last year. The “Investment in Tesla Inc.” item on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return is 15%. What was the company’s residual income…
The comparative balance sheet of Coulson, Inc. at December 31, 20Y2 and 20Y1, is asfollows:Dec. 31, 20Y2 Dec. 31, 20Y1AssetsCash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 300,600 $ 337,800Accounts receivable (net) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 704,400 609,600Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 918,600 865,800Prepaid expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,600 26,400Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 990,000 1,386,000 Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,980,000 $ 990,000Accumulated depreciation—buildings . . . . . . . . . . . . . . . . . . . . . (397,200) (366,000)Equipment . . . . . . . . . . . . . . . . . . .…
Pleasantville Company had the following balance sheet on January 1. Pleasantville CompanyBalance SheetJanuary 1 1Cash$175,000.00Accounts Payable$57,000.002Inventory157,000.00Notes Payable250,000.003Property, Plant, and Equipment200,000.00Mortgage Payable150,000.004Patent25,000.00Retained Earnings100,000.005$557,000.00$557,000.00 On January 2, Carrs Company came to an agreement to purchase Pleasantville by acquiring all of its outstanding shares for $575,000 in cash. On that date in time, the fair value of their inventory was $150,000, and the fair value of the equipment was $225,000. The book value equals the fair value for all other accounts listed.Required:1. Compute the goodwill associated with the purchase of Pleasantville.2. Prepare the journal entry necessary at January 2, to record the acquisition of Pleasantville.
The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows:Dec. 31, 20Y2 Dec. 31, 20Y1AssetsCash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 918,000 $ 964,800Accounts receivable (net) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 828,900 761,940Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,268,460 1,162,980Prepaid expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,340 35,100Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 315,900 479,700Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,462,500 900,900Accumulated depreciation—buildings . . . . . . . . . . . . . . . . . . . . . . . . . . .…
The following summarized statement of financial position relate to Track Ltd as at 30th June: Details 20x7 20x8 Shs '000' Shs '000' Shs '000' Shs '000' Non-current assets 500 650 Less: Accumulated Depreciation (200) (300) Net Book Value 300 350 Investments at cost 200 50 Current Assets Inventory 400 00 Accounts receivable 1,350 1,550 Cash and Bank 100 - 1850 2,250 Current Liabilities Bank Overdrafts - 60 Accounts payable 650 90 Taxation 230 190 Proposed dividends 150 130 (1030) (110) Total Assets 1320 1,480 Capital and Reserves Called-up share capital Shs I ord. Shares 500 50 Share premium A/c 150 200…
Alliance Corporation holds cash of $8,000 and owes $27,000 on accounts payable. Alliancehas accounts receivable of $47,000, inventory of $20,000, and land that cost $60,000. Howmuch are Alliance’s total assets and liabilities?Total Assets Liabilitiesa. $75,000 $87,000b. $135,000 $27,000c. $135,000 $47,000d. $115,000 $47,000
The statement of financial position and profit or loss of an entity on December 31, 20x1 shows the following information: Cash and cash equivalents 1,500,000Trade and other receivables 3,000,000 Inventories 9,000,000Investment property (Cost model) 3,500,000Investment in associate 2,000,000Property, plant and equipment 12,500,000Total assets 31,500,000 Trade and other payables 12,250,000Current tax payable 4,500,000Deferred tax liability 1,750,000Ordinary share capital 5,000,000Retained earnings 6,750,000Other components of equity 1,250,000Total liabilities & equity 31,500,000Revenue 5,600,000Cost of sales (2,000,000)Gross profit 3,600,000Distribution of cost (780,000)Administrative expenses (900,000) Impairment loss (reversal) on assets held for saleFinance costs (300,000)Share of profit of associates 240,000Profit for the period from continuing operations 1,860,000 Discontinued Operations:Profit for the period from discontinued operations…
Consider the following financial information and answer the questions that follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000 1) Calculate the cash flow from assets 2) Calculate net capital spending 3) Calculate change in NWC PLEASE TYPE AS OPPOSED TO WRITING ON PAPER. I MIGHT NOT UNDERSTAND THE HAND WRITING. PLEASE DO EACH QUESTION SEPARATELY. I HAVE ASKED THIS QUESTION MULTIPLE TIMES BECAUSE I COULD NOT UNDERSTAND THE RESPONSE. THANK YOU