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: 1.2
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
25%
Total liabilities-to-assets ratio: 45%
Quick ratio: 0.80
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 | ||||||
| Assets | Liabilities and Equity | |||||
| 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
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: 2.6
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
23%
Total liabilities-to-assets ratio: 40%
Quick ratio: 1.15
Days sales outstanding (based on 365-day year): 34.5 days
Inventory turnover ratio: 3.0
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: 1.8
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
20%
Total liabilities-to-assets ratio: 45%
Quick ratio: 1.00
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 | ||||||
| Assets | Liabilities and Equity | |||||
| 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
Suppose that the owner and CEO of a firm that operates in a PERFECTLY COMPETITIVE market environment comes to see you for help. She has question to ask you as her best Economist friend.
(i) After talking to another economist friend, Mary, my question, she says, is: “And then this morning Mary said that after the market responds to our current extra-ordinary economic profit, that we may be in a position where our Total Revenue, TR is less that our Total Cost, TC. I said that was awful, we would have to Shut Down! But Mary said, no we won’t because our Total Revenue will still be greater than our Total Variable Cost, TVC. Can you explain WHY this result matters to me and what I should do, please?
Can you please explain the answer thoroughly and in detail for my understanding?
In: Economics
The Foxboro Manufacturing Company provided you with the following information for the fiscal year end December 31
| Work-in-process inventory, 12/31 | 57,900 |
| Finished goods inventory, 1/1 | 307,400 |
| Direct labor costs incurred | 1,004,300 |
| Manufacturing overhead costs | 2,693,400 |
| Direct materials inventory, 1/1 | 250,800 |
| Finished goods inventory, 12/31 | 511,000 |
| Direct materials purchased | 1,750,200 |
| Work-in-process inventory, 1/1 | 101,000 |
| Direct materials inventory, 12/31 | 169,400 |
A) Compute the total manufacturing costs incurred during the year.
B) Compute the total work-in-process during the year.
C) Compute cost of goods manufactured during the year.
D) Compute the cost of goods sold during the year.
E) Compute the total prime costs for the year.
F) Compute the total conversion costs for the year.
In: Accounting
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: 1.2
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
30%
Total liabilities-to-assets ratio: 50%
Quick ratio: 1.10
Days' sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 3.25
Do not round intermediate calculations. Round your answers to the nearest whole dollar.
| Partial Income Statement Information | |
| Sales | $ |
| Cost of goods sold | |
| Balance Sheet | ||||||
| Assets | Liabilities and Equity | |||||
| 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
1.) AB Company has the following production information available for March:
Total materials costs $147,000
Equivalent number of complete units of materials 15,000
Total conversion costs $ 75,000
Equivalent number of complete units of conversion costs 12,000
The total manufacturing cost per unit (rounded to nearest cent) is closest to:
A. $6.25
B. $9.80
C. $16.05
D. $8.22
2.) ABD Company, materials purchases and uses during the first quarter are as follows:
Jan. 11, purchased 500 units at $15.00
Feb. 12, purchased 900 units at $13.00
Mar. 18, purchased 200 units at $16.00
Total amount of materials used during the quarters was 1,400 units. If the company applies the average cost method for its inventory valuation. The ending inventory value is closest to:
A. $2,800
B. $3,000
C. $3,200
D. $2,600
In: Accounting
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: 2.8
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
23%
Total liabilities-to-assets ratio: 60%
Quick ratio: 0.90
Days sales outstanding (based on 365-day year): 31.5 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
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: 1.8 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% Total liabilities-to-assets ratio: 55% Quick ratio: 1.00 Days sales outstanding (based on 365-day year): 32 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
SHOW/ EXPLAIN THE WORK PLEASE
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