Problem 3-11
Balance Sheet Analysis
Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data:
Total assets turnover: 1.5
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
30%
Total liabilities-to-assets ratio: 45%
Quick ratio: 0.85
Days sales outstanding (based on 365-day year): 29.5 days
Inventory turnover ratio: 7.0
Round your answers to the nearest whole dollar.
| Partial Income | Statement Information |
| Sales | $ |
| Cost of goods sold | $ |
Balance Sheet
| Cash | $ | Accounts payable | $ |
| Accounts receivable | $ | Long-term debt | $ 50,000 |
| Inventories | $ | Common stock | $ |
| Fixed assets | $ | Retained earnings | $ 100,000 |
| Total assets | $ 400,000 | Total liabilities and equity | $ |
In: Finance
V = $40,000B - $1000B2
Where B is the number of boats engaged in fishing. The cost of running one fishing boat for one month is $18,000, giving the total cost of running B fishing boats as $16,000B
In: Advanced Math
Balance Sheet Analysis
Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data:
Total assets turnover: 1.6
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
25%
Total liabilities-to-assets ratio: 45%
Quick ratio: 1.05
Days' sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 3.75
Do not round intermediate calculations. Round your answers to the nearest whole dollar.
| Partial Income Statement Information | |
| Sales | $ |
| Cost of goods sold | $ |
Balance Sheet
| Cash | $ | Accounts payable | $ |
| Accounts receivable | $ | Long-term debt | $ 50,000 |
| Inventories | $ | Common stock | $ |
| Fixed assets | $ | Retained earnings | $ 100,000 |
| Total assets | $ 400,000 | Total liabilities and equity | $ |
In: Finance
Balance Sheet Analysis
Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data:
Total assets turnover: 1.8
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
25%
Total liabilities-to-assets ratio: 40%
Quick ratio: 1.10
Days sales outstanding (based on 365-day year): 39.5 days
Inventory turnover ratio: 4.0
Do not round intermediate calculations. Round your answers to the nearest whole dollar.
| Partial Income | Statement Information |
| Sales | $ |
| Cost of goods sold | $ |
Balance Sheet
| Cash | $ | Accounts payable | $ |
| Accounts receivable | Long-term debt | 50,000 | |
| Inventories | Common stock | ||
| Fixed assets | Retained earnings | 100,000 | |
| Total assets | $ 400,000 | Total liabilities and equity | $ |
In: Finance
Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data: Total assets turnover: 2.8 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 26% Total liabilities-to-assets ratio: 45% Quick ratio: 1.15 Days sales outstanding (based on 365-day year): 38.5 days Inventory turnover ratio: 4.0 Do not round intermediate calculations. Round your answers to the nearest whole dollar.
| Partial Income | Statement Information |
| Sales | $ |
| Cost of goods sold | $ |
Balance Sheet
| Cash | $ | Accounts payable | $ |
| Accounts receivable | Long-term debt | 50,000 | |
| Inventories | Common stock | ||
| Fixed assets | Retained earnings | 100,000 | |
| Total assets | $ 400,000 | Total liabilities and equity | $ |
In: Finance
Balance Sheet Analysis
Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data:
Total assets turnover: 2
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
24%
Total liabilities-to-assets ratio: 55%
Quick ratio: 0.75
Days sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 5.0
Do not round intermediate calculations. Round your answers to the nearest whole dollar.
| Partial Income | Statement Information |
| Sales | $ |
| Cost of goods sold | $ |
Balance Sheet
| Cash | $ | Accounts payable | $ |
| Accounts receivable | Long-term debt | 50,000 | |
| Inventories | Common stock | ||
| Fixed assets | Retained earnings | 100,000 | |
| Total assets | $ 400,000 | Total liabilities and equity | $ |
In: Finance
Balance Sheet Analysis
Complete the balance sheet and sales information in the table that follows for J. White Industries using the following financial data:
Total assets turnover: 1.3
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
23%
Total liabilities-to-assets ratio: 55%
Quick ratio: 1.25
Days sales outstanding (based on 365-day year): 33 days
Inventory turnover ratio: 6.0
Round your answers to the nearest whole dollar.
| Partial Income | Statement Information |
| Sales | $ |
| Cost of goods sold | $ |
Balance Sheet
| Cash | $ | Accounts payable | $ |
| Accounts receivable | $ | Long-term debt | $ 50,000 |
| Inventories | $ | Common stock | $ |
| Fixed assets | $ | Retained earnings | $ 100,000 |
| Total assets | $ 400,000 | Total liabilities and equity | $ |
In: Finance
Complete problem: Balance Sheet Analysis
o Complete the balance sheet and sales information in the table that follows for XYZ, Inc., using the following financial data:
o Show your work.
Total assets turnover: 1.5 Gross profit margin on sales: (Sales – Cost of goods sold)/Sales = 25% Total liabilities-to-assets ratio: 40% Quick ratio: 0.80 Days sales outstanding (based on 365-day year): 36.5 days Inventory turnover ratio: 3.75 Partial Income Statement Information _______________________________________________________________________________________
Sales ____________
Cost of goods sold ____________
Balance Sheet Information
______________________________________________________________________________________
Cash ___________ Accounts payable ___________ Accounts receivable ___________ Long-term debt 50,000 Inventories ___________ Common stock ___________ Fixed assets ___________ Retained earnings 100,000 Total assets $400,000___ Total liabilities and equity __________
In: Finance
elow is selected information from Chipset's cost of production report:
|
Cost per equivalent unit in process |
$10 |
|
Units completed |
15,000 |
|
Total costs in process |
$332,000 |
|
Equivalent units of materials in ending inventory |
2,000 |
|
Cost per equivalent unit of materials |
$6 |
The ending inventory of work-in-process is complete as to
materials.
The cost of conversion in the ending inventory is:
In: Accounting
Set up the Economic Order Quantity model given the information below.
|
Annual Demand |
50,000 units |
|
Order Cost |
$150 per order |
|
Unit Cost |
$100 per unit |
|
Inventory Holding |
15% of unit cost |
What is the Economic Order Quantity of the product?
What is the total annual cost when EOQ is ordered each time?
In: Operations Management