XYZ Corporation had the following data in 2022 below: Total assets = P300,000 Gross profit margin = 25% Quick ratio = 0.80 x Bond payable = P60,000 Days sales outstanding = 36 days Debt ratio = 50% Retained earnings = P97,500 Times interest earned= 6 x Inventory turnover = 5 x Total assets turnover = 1.5 x No. of days in a year = 360 days Tax rate = 35% Compute the average merchandise inventory.
XYZ Corporation had the following data in 2022 below: Total assets = P300,000 Gross profit margin = 25% Quick ratio = 0.80 x Bond payable = P60,000 Days sales outstanding = 36 days Debt ratio = 50% Retained earnings = P97,500 Times interest earned= 6 x Inventory turnover = 5 x Total assets turnover = 1.5 x No. of days in a year = 360 days Tax rate = 35% Compute the average merchandise inventory.
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...
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XYZ Corporation had the following data in 2022 below:
Total assets = P300,000
Gross profit margin = 25%
Quick ratio = 0.80 x
Bond payable = P60,000
Days sales outstanding = 36 days
Debt ratio = 50%
Times interest earned= 6 x
Inventory turnover = 5 x
Total assets turnover = 1.5 x
No. of days in a year = 360 days
Tax rate = 35%
Compute the average merchandise inventory.
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