Yadier Corporation's comparative balance sheets are presented below. Yadier Corporation Balance Sheets December 31 Yadier's 2014 income
Question:
Yadier Corporation
Balance Sheets
December 31
Yadier's 2014 income statement included net sales of $116,920, cost of goods sold of $60,310, and net income of $14,160.
Compute the following ratios for 2014.
Current ratio: 1
Acid-test ratio: 1
Accounts receivable turnover times
Inventory turnover times
Profit margin%
Asset turnover times
Return on assets %
Return on common stockholders' equity %
Debt to total assets ratio %
2014 2013 $ 4,010 $ 4,030 Cash 22,120 Accounts receivable 23,450 Inventory 10,100 7,160 26,280 Land 20,130 Buildings 69,560 69,560 (14,800 ) Accumulated depreciation (10,020 -buildings $111,120 $120,460 Total $ 12,470 $ 30,910 Accounts payable 69,270 Common stock 74,160 Retained earnings 24,490 20,280 $111,120 $120,460 Total
Step by Step Answer:
Current Ratio Current Assets Current liabilities 4010 22120 1010012470 2905 ...View the full answer
Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Related Video
Inventory turnover is a key metric that helps businesses evaluate the efficiency of their operations. A high turnover ratio is generally considered positive, indicating that the company is effectively selling its inventory and making efficient use of its resources. On the other hand, a low turnover ratio may indicate issues such as overstocking or slow sales and may require further examination to identify and address the underlying causes. Businesses use this ratio to make decisions about inventory levels, production schedules, and pricing strategies. It also helps businesses to identify areas where they may need to make improvements, such as reducing lead times for production or optimizing sales and marketing efforts. Additionally, inventory turnover is used by investors and analysts as a key performance indicator to evaluate the financial health and growth potential of a company.
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