HORNGREN'S FIN.+...V.1(LL)-W/ACCESS >C<
16th Edition
ISBN: 9781323169360
Author: MILLER-NOBLES
Publisher: PEARSON C
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Textbook Question
Chapter 15, Problem 3QC
Vertical analysis of Liberty's
a. Cash as 9.50% of total assets.
b. inventory turnover of 6 times.
c. a
d. a 17% increase in Cash.
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Need to calculate for "THE YEAR" *2013* this ratio: •current ratio
•quick ratio
•cash ratio
•total debt ratio
•times interested ratio
•fixed assets turnover ratio
•inventory turnover
•net profit margin
•return on total assets
•return on stockholders equity
balance sheet 2013
assets
cash 44,494,000
short term investment 4,531,000
net receivable 12,948,000
inventory -------
other current assets 1,310,000
______________________________________
total current assets 23,283,00
long term investment 4,971,000
PPE 2,760,000
Goodwill 9,267,000
intangible assets 941,000
Accumulated amortization ------------
other assets 266,000
deferred long term assets charge -------
__________________________
total assets 41,488,000
liabilities
current liabilities
accounts payable 3,215,000
short/current long term debt 9,266,000
other current liabilities 158,000
________________-
total current liabilities 12,639,000
Long term debt 4,117,000
other liabilities 244,000
deferred long term liability charge 841,000…
The following table contains financial statement information for Walmart Inc.
$ millions
Total Assets
Net Income
Sales
Equity
2018
$241,225
$8,004
$535,845
$79,746
2017
224,974
11,834
520,549
85,656
2016
218,708
16,372
505,383
85,578
a. Compute return on equity (ROE) for the two recent years.b. Compute return on assets (ROA) for the two recent years.c. Compute profit margin (PM) for the two recent years.d. Compute asset turnover (AT) for the two recent years.
Round ROE, ROA and PM to one decimal place (example: 0.2345 = 23.5%).
Round AT to two decimal places (example: 1.35).
Selected financial statement data for Schmitzer Inc. is shown below:2018 2017Balance sheet:Inventories 60,000 48,000Ratios:Gross profit ratio for 2018 40 %Inventory turnover ratio for 2018 5What was the amount of net sales for 2018?
Chapter 15 Solutions
HORNGREN'S FIN.+...V.1(LL)-W/ACCESS >C<
Ch. 15 - What part of the Libertys annual report is written...Ch. 15 - Horizontal analysis of Liberty's balance sheet for...Ch. 15 - Vertical analysis of Liberty's balance sheet for...Ch. 15 - Which statement best describes Liberty's acid-test...Ch. 15 - Liberty's inventory turnover during 2017 was...Ch. 15 - Prob. 6QCCh. 15 - Prob. 7QCCh. 15 - Liberty's rate of return on common stockholders'...Ch. 15 - The company has 2,500 shares of common stock...Ch. 15 - Prob. 10AQC
Ch. 15 - What ate the three main ways to analyze financial...Ch. 15 - What is an annual report? Briefly describe the key...Ch. 15 - Prob. 3RQCh. 15 - What is trend analysis, and how does it differ...Ch. 15 - Prob. 5RQCh. 15 - Prob. 6RQCh. 15 - Prob. 7RQCh. 15 - Briefly describe the ratios that can be used to...Ch. 15 - Prob. 9RQCh. 15 - Briefly describe the ratios that can be used to...Ch. 15 - Briefly describe the ratios that can be used to...Ch. 15 - Prob. 12RQCh. 15 - Prob. 13RQCh. 15 - Prob. 14RQCh. 15 - Prob. 15RQCh. 15 - Prob. 15.1SECh. 15 - Performing horizontal analysis McDonald Corp....Ch. 15 - Calculating trend analysis Variline Corp. reported...Ch. 15 - Performing vertical analysis Hoosier Optical...Ch. 15 - Preparing common-size income statement Data for...Ch. 15 - Shine's Companies, a home improvement store chain,...Ch. 15 - Shine's Companies, a home improvement store chain,...Ch. 15 - Shine's Companies, a home improvement store chain,...Ch. 15 - Prob. 15.9SECh. 15 - Prob. 15.10SECh. 15 - Prob. 15.11SECh. 15 - Using ratios to reconstruct a balance sheet...Ch. 15 - Prob. 15.13SECh. 15 - Prob. 15.14SECh. 15 - Prob. 15.15ECh. 15 - Computing trend analysis Grand Oaks Realty's net...Ch. 15 - Prob. 15.17ECh. 15 - Prob. 15.18ECh. 15 - Prob. 15.19ECh. 15 - Prob. 15.20ECh. 15 - Analyzing the ability to pay liabilities Big Bend...Ch. 15 - Analyzing profitability Varsity, Inc.s comparative...Ch. 15 - Prob. 15.23ECh. 15 - Using ratios to reconstruct a balance sheet The...Ch. 15 - Prob. 15.25ECh. 15 - Computing earnings per share Falconi Academy...Ch. 15 - Prob. 15.27APCh. 15 - Prob. 15.28APCh. 15 - Prob. 15.29APCh. 15 - Prob. 15.30APCh. 15 - Using ratios to evaluate a stock investment...Ch. 15 - Prob. 15.32APCh. 15 - Preparing an income statement The following...Ch. 15 - Computing trend analysis and return on common...Ch. 15 - Prob. 15.35BPCh. 15 - Prob. 15.36BPCh. 15 - Determining the effects of business transactions...Ch. 15 - Prob. 15.38BPCh. 15 - Prob. 15.39BPCh. 15 - Prob. 15.40BPCh. 15 - Prob. 15.41CPCh. 15 - Lance Berkman is the controller of Saturn, a dance...Ch. 15 - Prob. 15.1CTEI
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