Question
1. What is the Inventory Turnover? 2. What is the AR Turnover? 3. What ia the AP Turnover? 4. What is the Inventory Period? 5.
1. What is the Inventory Turnover?
2. What is the AR Turnover?
3. What ia the AP Turnover?
4. What is the Inventory Period?
5. What is the AR Period?
6. What is the Operating Cycle?
7. What is the Cash Cycle?
8. What is the Net Capital for 2022 as a dollar amount with 2 decimal places?
Round to 4 decimal places.
Assets
2021
Cash $45.00
A/R $197.00
Inventory $350.00
Total $592.00
Net Fixed Assets $1,000.00
Total Assets $1,592.00
2022
Cash $50.00
A/R $116.00
Inventory $112.00
Total $278.00
Net Fixed Assets $1,200.00
Total Assets $1,478.00
Liabilities
2021
Accounts Payable $238.00
Notes Payable $150.00
Total $388.00
Long-term debit $500.00
Common Stock $400.00
Retained Earnings $304.00
Total Liabilites $1,592.00
2022
Accounts Payable $253.00
Notes Payable $125.00
Total $378.00
Long-term Debit $750.00
Common Stock $400.00
Retained Earnings -$50.00
Total Liabilities $1,478.00
Sales
2022
Sales $1,354.00
Cost of Goods Sold $1,083.20
Depreciation $200.00
EBIT $70.80
Interest 40.00
Taxes $28.32
Net Income $2.48
Step by Step Solution
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Essentials Of Business Statistics Communicating With Numbers
Authors: Sanjiv Jaggia, Alison Kelly
1st Edition
78020549, 978-0078020544
