Given the following information: Use Figure 2.3.
Categories
Values
Sales &
Given the following information: Use Figure 2.3.
Categories
Values
Sales
$ 33,600,000
Cost of goods sold $ 21,000,000
Variable expenses $ 4,200,000
Fixed expenses $
6,100,000
Inventory
$ 8,100,000
Accounts receivable $ 4,100,000
Other current assets $ 3,100,000
Fixed
assets
$ 6,100,000
a. What is the net profit margin for this firm? (Round your
answer to 2 decimal places.)
b. What is the asset turnover? (Round your answer to 2 decimal
places.)
c. What is the return on assets? (Do not...
Income
Statement
Balance Sheet
Sales
$20,000,000
Assets:
Cost of Goods Sold
8,000,000
Cash
$5,000,000
12,000,000
Marketable...
Income
Statement
Balance Sheet
Sales
$20,000,000
Assets:
Cost of Goods Sold
8,000,000
Cash
$5,000,000
12,000,000
Marketable Securities
12,500,000
Selling and Administrative
1,600,000
Accounts Receivable, net
2,500,000
Depreciation
3,000,000
Inventory
30,000,000
EBIT
7,400,000
Prepaid Expenses
5,000,000
Interest
2,000,000
Plant & Equipment
30,000,000
5,400,000
Taxes (40%)
2,160,000
Total Assets
85,000,000
3,240,000
Common Stock Div.
600,000
Liabilities and Equity:
$2,640,000
Accounts Payable
$20,000,000
Notes Payable
5,000,000
Shares outstanding of common
stock = 1,000,000
Accrued Expenses
5,000,000
Market price of common stock =
$18...
JPJ Corp has sales of $1.09 million, accounts receivable of
$45,000, total assets of $4.94 million...
JPJ Corp has sales of $1.09 million, accounts receivable of
$45,000, total assets of $4.94 million (of which $2.95 million
are fixed assets), inventory of $ 144,000, and cost of goods sold
of $ 595,000.
What is JPJ's accounts receivable days?
Fixed asset turnover?
otal asset turnover?
Inventory turnover?
Income
Statement
&nbs
Income
Statement
Balance Sheet
Sales $20,000,000 Assets:
Cost of Goods Sold 8,000,000 Cash $ 5,000,000
12,000,000 Marketable Securities 12,500,000
Selling and Administrative 1,600,000 Accounts Receivable, net
2,500,000
Depreciation 3,000,000 Inventory 30,000,000
7,400,000 Prepaid Expenses 5,000,000
Interest 2,000,000 Plant & Equipment 30,000,000
5,400,000
Taxes (40%) 2,160,000 Total Assets
85,000,000
3,240,000
Common Stock Div. 600,000 Liabilities and
Equity:
$2,640,000 Accounts Payable $20,000,000
Notes
Payable
5,000,000
Accrued Expenses
5,000,000
Bonds
25,000,000
Common
Stock
5,000,000
Capital in Excess of Par 10,000,000
Retained...
Zipper Corporation reported the following condensed income
statement for 2015:
Sales
$5,900,000
Cost of goods sold...
Zipper Corporation reported the following condensed income
statement for 2015:
Sales
$5,900,000
Cost of goods sold
4,130,000
Gross profit
$1,770,000
Less expenses
-1,520,000
Net income before taxes
$250,000
Less income taxes
100,000
Net income after taxes
$150,000
Assume the following:
Average inventory
$690,000
Average accounts
receivable
$1,220,000
Average accounts payable
$390,000
(Use 365 days a year)
Compute the following: (Round answers to 2 decimal
places, e.g. 52.75.)
Inventory turnover
times
Accounts receivable
turnover
times
Average number of days to
sell...
if a firm has net sales of $400,000, annual cost of goods sold
of $315,000 ,...
if a firm has net sales of $400,000, annual cost of goods sold
of $315,000 , an inventory turnover of 4.5 times a year, and an
accounts receivable turnover of five times a year, the combined
investment in inventories and accounts receivable would be:
a. $64,500
b. $122,500
c. $150,000
d. $92,000
JPJ Corp has sales of $ 1.07 million, accounts receivable of $
55 comma 000, total...
JPJ Corp has sales of $ 1.07 million, accounts receivable of $
55 comma 000, total assets of $ 5.08 million (of which $ 3.24
million are fixed assets), inventory of $ 141 comma 000, and cost
of goods sold of $ 594 comma 000. What is JPJ's accounts
receivable days? Fixed asset turnover? Total asset turnover?
Inventory turnover?
Konami Inc. Ratio Questions
(show work)
Questions:
1. What is the Current Ratio for 2014 &...
Konami Inc. Ratio Questions
(show work)
Questions:
1. What is the Current Ratio for 2014 &
2015?
2. What is the Net Operating profit percentage (%) for
2014 & 2015?
3. What is the Accounts Receivable Turnover in days for
2014 and 2015?
4. What is the Inventory Turnover in “times,” and days
for 2014 and 2015?
Konami Inc.
assets
2015
2014
Current Assets:
Cash and Cash Equivalents
$56,540,000
$50,886,000
Receivables – net
14,000,000
11,200,000
Inventory...
Philadelphia Company has the following information for
March:
Sales
$464,675
Variable cost of goods sold
204,890...
Philadelphia Company has the following information for
March:
Sales
$464,675
Variable cost of goods sold
204,890
Fixed manufacturing costs
79,551
Variable selling and administrative expenses
53,477
Fixed selling and administrating expenses
37,485
a. Determine the March manufacturing
margin.
$
b. Determine the March contribution
margin.
$
c. Determine the March income from operations
for Philadelphia Company.
$