Question.4390 - Ch. 6 Written Assignment 1DetailsResolve the following problems (1, 3, 5, 7, 8 from the book chapter). Show the calculations.1 . Sarah’s Toy Shop has total sales of $100,000, net credit sales of $70,000, beginning accounts receivable of $20,000, and ending accounts receivable of $30,000. What is Sarah’s accounts receivable turnover? Assume industry average is 2.9 times. How would you interpret Sarah’s turnover?3 . The Big Club has total assets of $150,000, current assets of $80,000 (current assets includes $30,000 of cash, $10,000 of short-term investments, $20,000 of accounts receivable, and $20,000 of inventory), total liabilities of $120,000, and current liabilities of $70,000. What is The Big Club’s quick ratio?5 . Bonita’s Bread Company has total debt of $250,000 and total assets of $150,000. What is Bonita’s debt-to-assets ratio, and what can we infer about Bonita’s company using the ratio?7 . Jamilah’s Manufacturing Company has earnings before interest and taxes of $29,000 and interest expense of $4,000 for the most current period. What is Jamilah’s times interest earned ratio?8 . Sarai’s Sandy Beach Gear has net sales of $100,000, cost of goods sold of $60,000, and net income of $25,000. What is Sarai’s profit margin?
Answer Below:
Ch xxxxxxx AssignmentQuincy xxxxxxxxxx - xxxxxxxxxx of xxxxxxx February xx Written xxxxxxxxxxxxxxxxx Accounts xxxxxxxxxx turnover xxx Credit xxxxx Average xxxxxxxx receivable xxxxxxxx receivable xxxxxxxx Accounts xxxxxxxxxx turnover xxxxxxxx analysis xxxxxxxxx that xxxxxxx toy xxxx collects xxx outstanding xxxxxxxx payments xxxxxxxx receivable xxxxxx than xxx average xxx store xxxxxxx companies xxx to xxxxxxx payments xxxxxxx To xxxxxxx Sarah's xxxx flow xx recommend xxxxxxxxx strategies xx accelerate xxxxxxxx receivable xxxxxxxx Problem xxxxx ratio xxxx short-term xxxxxxxxxxx accounts xxxxxxxxxx Current xxxxxxxxxxx Quick xxxxx Quick xxxxx Problem xxxxxxxxxxxxxx ratio xxxxx debt xxxxx assets xxxxxxxxxxxxxx ratio xxxxxxxxxxxxxx ratio xx can xx inferred xxxx Bonita xx using xx excessively xxxx level xx debt xx its xxxxxxx structure xxx the xxxxxxx s xxxxxxxxxx should xxxx initiatives xx minimize xxx debt xxxxx and xxxxx it xx an xxxxxxx level xxxxxxx Times xxxxxxxx earned xxxxx EBIT xxxxxxxx expense xxxxx interest xxxxxx ratio xxxxx interest xxxxxx ratio xxxxxxxxxxxx Profit xxxxxx Net xxxxxx Net xxxxx x xxxxxx margin x Profit xxxxxxMore Articles From FIN 320 91 - Principles of Finance
.ico)
.ico)
.ico)
.ico)
