subject
Business, 18.03.2021 01:40 marie8627

Given the following financial data for Alpha Company, calculate the ratios listed below the data. (Compute all ratios and percents to 2 decimal points.) Sales (all on credit) $650,000
Cost of Goods Sold 422,500
Income before Income Taxes 78,000
Net Income 54,600

Ending Beginning
Balances Balances

Cash $19,500 $15,000
Accounts Receivable (net) 65,000 59,800
Merchandise Inventory 71,500 66,300
Plant and Equipment (net) 195,000 183,900
Total Assets $351,000 $325,000

Current Liabilities $74,100 $100,200
Long-Term Notes Payable 97,500 100,000
Stockholders' Equity 179,400 124,800
Total Liabilities and Stockholders' Equity $351,000 $325,000

A. Current Ratio

B. Acid-Test Ratio

C. Accounts Receivable Turnover

D. Days' Sales Uncollected

E. Inventory Turnover

F. Days' Sales in Inventory

G. Debt Ratio (%)

H. Gross Margin Ratio (%)

I. Return on Total Assets (%)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:50
Amanda rice has just arranged to purchase a $640,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7 percent apr compounded monthly and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will amanda’s balloon payment be in eight years
Answers: 3
question
Business, 22.06.2019 06:50
Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces
Answers: 1
question
Business, 22.06.2019 13:10
Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?
Answers: 3
question
Business, 22.06.2019 17:00
Zeta corporation is a manufacturer of sports caps, which require soft fabric. the standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. during the month of january, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. what is zeta corporation's materials price variance for the month of january?
Answers: 2
You know the right answer?
Given the following financial data for Alpha Company, calculate the ratios listed below the data. (C...
Questions
question
Biology, 01.12.2021 20:00
question
Biology, 01.12.2021 20:00
Questions on the website: 13722361