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 ndash xxxxxxxx Payable xxxxxxxx in xxxx Inventory xxxxxxxx Accounts xxxxxxxxxx Turnover xxxxxxxx Payable xxxxxxxx Not xxxxxxxxx So xxxxxxxxx Cycle xxxx Answer xxx number xx days xxxxx in xxxxxxxxx is xxxxxxxxxx by xxx following xxxxxxx Days xxxx of xxxxxxxxx Inventory xx the xxx of xxxx Cost xx sales xxxxxxxxx at xxx End xx Year xxxx Of xxxxx Days xxxx of xxxxxxxxx rounded xx decimal xxxxx Answer xxx formula xxx calculating xxx degree xx financial xxxxxxxx is xxxxx below xxxxxx of xxxxxxxxx Leverage xxxxxxxx before xxxxxxxx and xxx Earnings xxxxxx Tax xxxxxxxx before xxxxxxxx and xxx Earnings xxxxxx Tax xx Degree xx Financial xxxxxxxx Answer xxx basic xxxxxxxxxx equation xxx the xxxxxxx sheet xx Assets xxxxxxx Liabilities xxxxxx Capital xx Liabilities xxxxxx ndash xxxxxxx -More Articles From Finance
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