What is the Inventory Turnover? What is the AR Turnover? What is the AP Turnover? What is
Fantastic news! We've Found the answer you've been seeking!
Question:
- What is the Inventory Turnover?
- What is the AR Turnover?
- What is the AP Turnover?
- What is the Inventory Period?
- What is the AR Period?
- How long is the Operating Cycle?
- How long is the Cash Cycle?
- What is Net Working Capital for 2022?
| Accounts | 2021 | 2022 |
|---|---|---|
| Cash | $45.00 | $50.00 |
| A/R | $317.00 | $221.00 |
| Inventory | $329.00 | $374.00 |
| Total | $691.00 | $645.00 |
| Net Fixed Assets | $1,000.00 | $1,200.00 |
| Total Assets | $1,691.00 | $1,845.00 |
| Accounts | 2021 | 2022 |
|---|---|---|
| Accounts Payable | $201.00 | $172.00 |
| Notes Payable | $150.00 | $125.00 |
| Total | $351.00 | $297.00 |
| Long-Term Debt | $500.00 | $750.00 |
| Common Stock | $400.00 | $400.00 |
| Retained Earnings | $440.00 | $398.00 |
| Total Liabilities | $1,691.00 | $1,845.00 |
| Accounts | 2021 | 2022 |
|---|---|---|
| Sales | $3,251.00 | |
| Cost of Goods Sold | $2,600.80 | |
| Depreciation | $200.00 | |
| EBIT | $450.20 | |
| Interest | $40.00 | |
| Taxes | $180.08 | |
| Net Income | $230.12 |
Expert Answer:
Analyzing the Financial Statements Based on the given information here are the calculations for the ... View the full answer
Related Book For 
Managerial Accounting
ISBN: 9781260247787
17th Edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
