subject
Business, 13.06.2020 21:57 jellyangie1

Barry Computer Company: Balance Sheet as of December 31, 2016 (In Thousands) Cash $88,500 Accounts payable $95,875 Receivables 228,625 Other current liabilities 103,250 Inventories 199,125 Notes payable to bank 66,375 Total current assets $516,250 Total current liabilities $265,500 Long-term debt $147,500 Net fixed assets 221,250 Common equity 324,500 Total assets $737,500 Total liabilities and equity $737,500 Barry Computer Company: Income Statement for Year Ended December 31, 2016 (In Thousands) Sales $1,250,000 Cost of goods sold Materials $612,500 Labor 262,500 Heat, light, and power 75,000 Indirect labor 62,500 Depreciation 25,000 1,037,500 Gross profit $ 212,500 Selling expenses 137,500 General and administrative expenses 12,500 Earnings before interest and taxes (EBIT) $ 62,500 Interest expense 17,700 Earnings before taxes (EBT) $ 44,800 Federal and state income taxes (40%) 17,920 Net income $ 26,880 Calculate the indicated ratios for Barry. Round your answers to two decimal places. Ratio Barry Industry Average Current x 1.87x Quick x 1.16x Days sales outstandinga days 31.20 days Inventory turnover x 6.59x Total assets turnover x 2.02x Profit margin % 2.01% ROA % 4.05% ROE % 8.81% ROIC % 7.10% TIE x 3.50x Debt/Total capital % 40.63% aCalculation is based on a 365-day year. Construct the DuPont equation for both Barry and the industry. Round your answers to two decimal places. FIRM INDUSTRY Profit margin % 2.01% Total assets turnover x 2.02x Equity multiplier x x

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 20:50
Your goal is to have $2,000,000. you have a total of $40,000 today. you invest the $40,000 and want to add to it each month. at 10% annual interest, how much do you need to invest each month in order to bring the total up to $2,000,000 30 years from now?
Answers: 2
question
Business, 22.06.2019 15:10
Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4
Answers: 2
question
Business, 22.06.2019 15:20
Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."
Answers: 3
question
Business, 22.06.2019 22:40
Utilization will always be lower than efficiency because: a. effective capacity is greater than design capacityb. expected output is less than actual output.c. effective capacity equals design capacity.d. effective capacity is less than design capacity.e. expected output is less than rated capacity.
Answers: 3
You know the right answer?
Barry Computer Company: Balance Sheet as of December 31, 2016 (In Thousands) Cash $88,500 Accounts p...
Questions
question
English, 02.02.2021 14:00
question
Mathematics, 02.02.2021 14:00
question
English, 02.02.2021 14:00
question
History, 02.02.2021 14:00
question
Computers and Technology, 02.02.2021 14:00
question
Biology, 02.02.2021 14:00
question
Mathematics, 02.02.2021 14:00
question
Mathematics, 02.02.2021 14:00
question
Mathematics, 02.02.2021 14:00
Questions on the website: 13722367