Question.2966 - 1. (TCO 5) Szabo Company computed the following data for 2003: Days' sales in receivables: 38.7 days Accounts receivable turnover: 9.6 times Accounts receivable turnover in days: 35.1 days Days' sales in inventory: 68.5 days Merchandise inventory turnover: 5.9 times Inventory turnover in days: 58.7 days The estimated operating cycle for 2003 is?2. Smith Company presents the following data for 2006. Inventories, beginning of year: $310,150 Inventories, end of year: $340,469 Cost of goods sold: $2,103,696 Net sales: $8,690,150 The number of days' sales in inventory is?3. A summarized income statement for Leveraged Inc. is presented below. Sales $1,000,000 Cost of Sales 600,000 Gross Profit 400,000 Operating Expenses 250,000 Operating Income 150,000 Interest Expense 30,000 Earnings Before Tax 120,000 Income Tax 40,000 Net Income 80,000 The degree of financial leverage is?4. Execon Company had total assets of $200,000, total liabilities of $110,000, and shareholders' equity of $90,000 at the beginning of the year. For the year, Execon Company earned net income of $75,000 and declared cash dividends of $30,000. At the end of the year, the company had total assets of $300,000 and its shareholders' equity was at $135,000. At the end of the year, Execon Corporation had total liabilities of?
Answer Below:
Answer xxx Estimated xxxxxxxxx cycle xx calculated xx the xxxxxxxxx formula xxxxxxxxx cycle xxxxxxxxx Turnover xx days xxxxxxxx Receivable xxxxxxxx in xxxx Accounts xxxxxxx Turnover xx days xxxxxxxxx Turnover xxxxxxxx Receivable xxxxxxxx Accounts xxxxxxx Turnover xxx Available xx Operating xxxxx Days xxxxxx The xxxxxx of xxxx Sales xx inventory xx calculated xx the xxxxxxxxx formula xxxx Sale xx Inventory xxxxxxxxx at xxx end xx year xxxx of xxxxx Inventory xx the xxx of xxxx Cost xx Sales xxxx Sale xx Inventory xxxxxxx to xxxxxxx place xxxxxx The xxxxxxx for xxxxxxxxxxx the xxxxxx of xxxxxxxxx leverage xx shown xxxxx Degree xx Financial xxxxxxxx Earnings xxxxxx Interest xxx Tax xxxxxxxx before xxx Earnings xxxxxx Interest xxx Tax xxxxxxxx before xxx So xxxxxx of xxxxxxxxx Leverage xxxxxx The xxxxx accounting xxxxxxxx for xxx balance xxxxx is xxxxxx Capital xxxxxxxxxxx Assets xxxxxxx So xxxxxxxxxxx Assets xxxxxxx -More Articles From Finance
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