The financial information below was taken from the annual financial statements of Cullumber Videos: Current assets...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The financial information below was taken from the annual financial statements of Cullumber Videos: Current assets Current liabilities Total liabilities Total assets Net sales Net credit sales Cost of goods sold Inventory Receivables (net) Dividends Capital expenditures Net income Net cash provided by operating activities 2014 $126,200 45,600 199,800 556,500 598,100 587,000 330,200 57,000 33,400 9,800 16,700 56,200 36,300 2013 $121,900 62,000 203,000 575,000 620,000 599,000 318,000 53,800 30,200 12,200 22,800 44,000 42,400 Calculate the following ratios for Cullumber Videos for 2014. (Round Free cash flow to 0 decimal place, e.g. 12. Othe to 2 decimal places, e.g. 12.21.) 1. Average collection period 2. Current ratio 3. Debt to assets ratio 4. Return on assets 5. Profit margin 6. Asset turnover 7. Inventory turnover 8. Free cash flow SA 1.03 2.98 9800 days :1 de % % % times times The financial information below was taken from the annual financial statements of Cullumber Videos: Current assets Current liabilities Total liabilities Total assets Net sales Net credit sales Cost of goods sold Inventory Receivables (net) Dividends Capital expenditures Net income Net cash provided by operating activities 2014 $126,200 45,600 199,800 556,500 598,100 587,000 330,200 57,000 33,400 9,800 16,700 56,200 36,300 2013 $121,900 62,000 203,000 575,000 620,000 599,000 318,000 53,800 30,200 12,200 22,800 44,000 42,400 Calculate the following ratios for Cullumber Videos for 2014. (Round Free cash flow to 0 decimal place, e.g. 12. Othe to 2 decimal places, e.g. 12.21.) 1. Average collection period 2. Current ratio 3. Debt to assets ratio 4. Return on assets 5. Profit margin 6. Asset turnover 7. Inventory turnover 8. Free cash flow SA 1.03 2.98 9800 days :1 de % % % times times
Expert Answer:
Answer rating: 100% (QA)
Calculate the requested ratios for Cullumber Videos for 2014 Average Collection Period Average Colle... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
The financial information below was taken from the records of Lotechnic Enterprises. The company pays no dividends. a. Compute the current ratio, the debt/equity ratio, and return on assets for each...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Find the eccentricity and the distance from the pole to the directrix of the conic. Then identify the conic and sketch its graph. Use a graphing utility to confirm your results. r = 6 2 + cos 0
-
Determine by direct integration the mass moment of inertia and the radius of gyration with respect to the y axis of the paraboloid shown assuming that it has a uniform density and a mass m. yi+= kx
-
A researcher decides to see how effective a pain medication is. Eight randomly selected subjects were asked to determine the severity of their pain by using a scale of 1 to 10, with 1 being very...
-
The revenue recognition principle says a. record revenue only after you have earned it. b. record revenue only when you receive cash. c. match revenues and expenses in order to compute net income. d....
-
Consider the following data for two products of Rowena Manufacturing. Required 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for...
-
Niantic reported the following financial information (amounts in millions). Current assets. Total assets Current liabilities Net sales Net Income $ 9,000 12,477 1,000 5,400 226 Compute the current...
-
Compte, Incorporated (a U.S.-based company), establishes a subsidiary in Croatia on January 1, 2023. The following account balances for the year ending December 31, 2024, are stated in kuna (K), the...
-
Which one of the following statements about underwriting audits is true? Available answer options Select only one option A They are usually conducted by consulting firms employed by an insurer. B...
-
What are the solutions of a polynomial? Given points ( - 4 , 0 ) , ( 1 , 0 ) and ( 3 . 5 , 0 )
-
Consider the following evaluation and control tools used by Dana Shelton, a marketing manager at an insurance company, to evaluate the insurer's agencies: Tool AMs. Shelton set a range of acceptable...
-
Find a polynomial f(x) of degree 3 that has the following zeros. -4, 0, 5 Leave your answer in factored form.
-
Evaluate the expression (-4-2i)(-4+42) and write the result in the form a + bi. The real number a equals The real number b equals
-
Multiply. (x-7)(x+3) Simplify your answer.
-
Design a network that meets the provided scenario requirements. Then conduct a cyber security risk assessment for the scenario and recommend security controls. Finally, evaluate social/ethical issues...
-
What exactly is a prima facie duty? How does an ethic of prima facie duties differ from monistic and absolutist ethical theories?
-
In its 2014 annual report the Unilever Group, which published IFRS-based financial statements, reported the following in the inventory footnote (in million euros). During 2014, 126 million euros...
-
Bob Cleary, the controller of Mountain-Pacific Railroad, has prepared the financial statements for 2016 and 2017, which follow. The market prices of the companys stock as of January 1, 2016, December...
-
Excerpts from the fiscal 2015 financial report of Cisco Systems, a leading Internet net worker, are provided below (dollars in millions). Review the information, calculate relevant ratios from Figure...
-
Consider the part of the file system naming hierarchy illustrated in the following: a. In the path name and in the figure, identify the context that you should use for that resolution and the context...
-
Ben Bitdiddle has written a program with 16 major modules of code. Each module contains several procedures. In the first implementation of his program, he finds that each module contains at least one...
-
Ben Bitdiddle has accepted a job with the telephone company and has been asked to implement call forwarding. He has been pondering what to do if someone forwards calls to some number and then the...
Study smarter with the SolutionInn App