Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below 2021 2020...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below 2021 2020 $ 40,000 $ 36, 000 28,000 190, 000 114, 000 425,000 240,000 32, 500 Accounts receivable Inventory 35,000 186, 000 108,000 405,000 225,000 Net sales Cost of goods sold Total assets Total stockholders' equity Net income 28,000 Stealth Company's 2021 asset turnover IS: (Round your answer to 1 decimal place.) Muliple Choice 2.2 times 3.7 times. 0.5 times. 28 times. Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below 2021 2020 Accounts receivable $ 40,000 $ 36,000 Inventory 28,000 35,000 Net sales 190,000 186, 000 108,000 Cost of goods sold 114,000 425, 000 240,000 32, 500 Total assets 405, 000 Total stockholders' equity 225,000 28,000 Net income Stealth Company's 2021 debt to equity ratio is: (Round your answer to 1 decimal place.) Multiple Cholce 60.0% 40.0%. 77.1%. 80.0% Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 $ 40,000 $ 36,000 28,000 190,000 114,000 425,000 240,000 32,500 Accounts receivable Inventory 35,000 186,000 108,000 405,000 225, 000 28,000 Net sales Cost of goods sold Total assets Total stockholders' equity Net income Stealth Company's 2021 profit margin is: (Round your answer to 1 decimal place.) Multiple Cholce 13.5%. 4.5% 171%. 7.6% Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below 2021 2020 $ 40,000 $ 36, 000 28,000 190, 000 114, 000 425,000 240,000 32, 500 Accounts receivable Inventory 35,000 186, 000 108,000 405,000 225,000 Net sales Cost of goods sold Total assets Total stockholders' equity Net income 28,000 Stealth Company's 2021 asset turnover IS: (Round your answer to 1 decimal place.) Muliple Choice 2.2 times 3.7 times. 0.5 times. 28 times. Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below 2021 2020 Accounts receivable $ 40,000 $ 36,000 Inventory 28,000 35,000 Net sales 190,000 186, 000 108,000 Cost of goods sold 114,000 425, 000 240,000 32, 500 Total assets 405, 000 Total stockholders' equity 225,000 28,000 Net income Stealth Company's 2021 debt to equity ratio is: (Round your answer to 1 decimal place.) Multiple Cholce 60.0% 40.0%. 77.1%. 80.0% Excerpts from Stealth Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 $ 40,000 $ 36,000 28,000 190,000 114,000 425,000 240,000 32,500 Accounts receivable Inventory 35,000 186,000 108,000 405,000 225, 000 28,000 Net sales Cost of goods sold Total assets Total stockholders' equity Net income Stealth Company's 2021 profit margin is: (Round your answer to 1 decimal place.) Multiple Cholce 13.5%. 4.5% 171%. 7.6%
Expert Answer:
Answer rating: 100% (QA)
1 Asset turnover refers to a financial ratio that measures the companys efficiency in the use of its ... View the full answer
Posted Date:
Students also viewed these accounting questions
-
Inventory turnover is calculated as cost of goods sold divided by ending inventory . 1. True 2. False
-
Inventory and cost of goods sold figures prepared under the LIFO cost flow assumption versus the FIFO cost flow assumption can differ dramatically. Required: a. Would an analyst consider ending...
-
Inventory and cost of goods sold information for Lafleche Inc. is provided below: Required: a. Calculate the inventory turnover ratio and average number of days in inventory under the two cost...
-
Fill in the missing mass number and atomic number for each of these particles or types of radiation. alpha (?) He beta (?) e gamma y neutron n
-
Following are the data on percentage of investments in energy securities and tax efficiency from Exercise 14.16. Use α = 0.05. Presuming that the assumptions for regression inferences...
-
Lester Company transferred the following assets to a newly created subsidiary, Mumby Corporation, in exchange for 40,000 shares of its $3 par value stock: Required a. Give the journal entry in which...
-
List three or four criteria you could use to qualify a lead as a likely prospect. How would you find out if the lead meets these criteria?
-
Naib Company engaged in the following transactions in July 2014: July 1 Sold merchandise to Lina Lopez on credit, terms n/30, FOB shipping point, $4,200 (cost, $2,520). 3 Purchased merchandise on...
-
You write one Baltimore Cloud Inc. August 120 call option contract for a premium of $4.58. You hold the position until the expiration date when Baltimore Cloud stock sells for $99.44 per share....
-
Recall the Martin-Beck Company supply chain design problem in Section 11.3. a. Modify the formulation shown in Section 11.3 to account for the policy restriction that a plant must be located either...
-
Water flows in a partially full 2-m-diameter circular pipe an average velocity of 2 m/s. If the water depth in the pipe is 0.5 m, determine the flow area, the wetted perimeter, the hydraulic radius,...
-
On Twitter, in the Search window on top of the page, enter the name of the businessperson whose tweets you wish to follow. Elon Musk, Richard Branson, Suze Orman, Guy Kawasaki, and other well-known...
-
Distinguish between the four main business orientations.
-
Hiring managers are increasingly searching social media sites to research job candidates. A recent CareerBuilder survey revealed that most hiring managers arent intentionally looking for digital...
-
To learn from the presentation skills of the best speakers today, visit the TED channel on YouTube or the TED website. Watch one or more of the 24,001 TED talks (motto: Ideas worth spreading)...
-
As regional manager for a national restaurant chain, you and two other employees attended a sales conference in Las Vegas, Nevada. You stayed at the Aria Resort & Casino because your company...
-
Swiss Inc. ("SI"), a non-resident company based in Switzerland, entered into a 2- week contract in December 2020 with Boleh Sdn Bhd to provide technical services for RM20,000 in which SI's personnel...
-
(a) Explain why the concentration of dissolved oxygen in freshwater is an important indicator of the quality of the water. (b) How is the solubility of oxygen in water affected by increasing...
-
Some balance sheet information is shown here (all values in millions of dollars): a. What change in the book value of the companys equity took place at the end of 2021? b. Is the companys...
-
In January 2022, United Airlines (UAL) had a market capitalization of \($14.3\) billion, debt of \($39.4\) billion, and cash of \($18.4\) billion. United Airlines had revenues of \($24.6\) billion....
-
The probe used in a medical ultrasound examination emits sound waves in air that have a wavelength of 0.12 mm. What is the wavelength of the sound waves in the patient? A. 0.027 mm B. 0.12 mm C. 0.26...
Study smarter with the SolutionInn App