You are a financial Manager of Chevron Corp You need to assess the effectiveness of working capital management of the company for 2018 using the following data What is th 2018 Payable turnover? 2017 Account Receivable = 15 353 000 2018 Account Receivable 15.050 000 2017 Inventory - 5 585 000 2018 Inventory = 5 704 000 2017 Accounts Payable = 14.565,000 2018 Accounts Payable = 13,953.000 2017 Sales = 134 674 00 2018 Sales = 158 902.000. 2017 Cost of Sales= 96 114.000 2018 Cost of Sales = 113 997 000 2017 Purchases = 95 114,000 2018 Purchases !! 123 435.000

You are a financial Manager of Chevron Corp You need to assess the effectiveness of working capital management of the company for 2018 using the following data What is th 2018 Payable turnover? 2017 Account Receivable = 15 353 000 2018 Account Receivable 15.050 000 2017 Inventory - 5 585 000 2018 Inventory = 5 704 000 2017 Accounts Payable = 14.565,000 2018 Accounts Payable = 13,953.000 2017 Sales = 134 674 00 2018 Sales = 158 902.000. 2017 Cost of Sales= 96 114.000 2018 Cost of Sales = 113 997 000 2017 Purchases = 95 114,000 2018 Purchases !! 123 435.000

Name: PreviousNexYou are a financial Manager of Chevron Corp You need to as
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Description: PreviousNexYou are a financial Manager of Chevron Corp You need to assess the effectiveness ofworking capital management.of the company for 2018 using the following data What is th2018 Payable turnover?2017 Accoun Receivable 15 353 0002018 Account R

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 4CE

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You are considering two possible companies for investment purposes. The following data is available for each company. Additional Information: Company A: Bad debt estimation percentage using the income statement method is 6%, and the balance sheet method is 10%. The $230,000 in Other Expenses includes all company expenses except Bad Debt Expense. Company B: Bad debt estimation percentage using the income statement method is 6.5%, and the balance sheet method is 8%. The $140,000 in Other Expenses includes all company expenses except Bad Debt Expense. A. Compute the number of days sales in receivables ratio for each company for 2019 and interpret the results (round answers to nearest whole number). B. If Company A changed from the income statement method to the balance sheet method for recognizing bad debt estimation, how would that change net income in 2019? Explain (show calculations). C. If Company B changed from the balance sheet method to the income statement method for recognizing bad debt estimation, how would that change net income in 2019? Explain (show calculations). D. What benefits do each company gain by changing their method of bad debt estimation? E. Which company would you invest in and why? Provide supporting details.
A Preparation of Ratios Refer to the financial statements for Burch Industries in Problem 12-89A and the following data. Required: 1. Prepare all the financial ratios for Burch for 2019 and 2018 (using percentage terms where appropriate and rounding all answers to two decimal places). 2. CONCEPTUAL CONNECTION Explain whether Burchs short-term liquidity is adequate. 3. CONCEPTUAL CONNECTION Discuss whether Burch uses its assets efficiently. 4. CONCEPTUAL CONNECTION Determine whether Burch is profitable. 5. CONCEPTUAL CONNECTION Discuss whether long-term creditors should regard Burch as a high-risk or a low-risk firm. 6. Perform a Dupont analysis (rounding to two decimal places) for 2018 and 2019.
Mike Sanders is considering the purchase of Kepler Company, a firm specializing in the manufacture of office supplies. To be able to assess the financial capabilities of the company, Mike has been given the companys financial statements for the 2 most recent years. Required: Note: Round all answers to two decimal places. 1. Compute the following for each year: (a) return on assets, (b) return on stockholders equity, (c) earnings per share, (d) price-earnings ratio, (e) dividend yield, and (f ) dividend payout ratio. 2. CONCEPTUAL CONNECTION Based on the analysis in Requirement 1, would you invest in the common stock of Kepler?
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