Based on the following data, what is the accounts receivable turnover? Sales on account during year...
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Based on the following data, what is the accounts receivable turnover? Sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year Oa. 11.9 Ob. 12.3 Oc. 2.5 Od. 4.5 $535,233 210,522 43,551 46,727 90,268 117,802 A company with working capital of $305,495 and a current ratio of 2.6 pays a $77,386 short-term liability. The amount of working capital immediately after payment is Oa. $305,495 Ob. $532,591 Oc. $419,043 Od. $113,548 Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) Preferred 5% stock, $100 par (no change during year) Common stock, $50 par (no change during year) Income before income tax for year $921,000 231,000 1,518,000 334,000 Income tax for year 76,000 Common dividends paid 75,900 Preferred dividends paid 11,550 Based on the data presented, what the times interest earned ratio (rounded to one decimal place)? Oa. 6.3 Ob. 4.6 Oc. 2.6 Od. 3.6 Based on the following data, what is the accounts receivable turnover? Sales on account during year Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year Oa. 11.9 Ob. 12.3 Oc. 2.5 Od. 4.5 $535,233 210,522 43,551 46,727 90,268 117,802 A company with working capital of $305,495 and a current ratio of 2.6 pays a $77,386 short-term liability. The amount of working capital immediately after payment is Oa. $305,495 Ob. $532,591 Oc. $419,043 Od. $113,548 Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) Preferred 5% stock, $100 par (no change during year) Common stock, $50 par (no change during year) Income before income tax for year $921,000 231,000 1,518,000 334,000 Income tax for year 76,000 Common dividends paid 75,900 Preferred dividends paid 11,550 Based on the data presented, what the times interest earned ratio (rounded to one decimal place)? Oa. 6.3 Ob. 4.6 Oc. 2.6 Od. 3.6
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Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
Posted Date:
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