Silver Bullet Slide Company calculated the ratios shown below for 2020 and 2019: Required 1. Identify whether
Question:
Silver Bullet Slide Company calculated the ratios shown below for 2020 and 2019:
Required
1. Identify whether the change in the ratios from 2019 to 2020 is favourable (F) or unfavourable (U).
2. Assess whether the 2020 ratios are favourable or unfavourable in comparison to the industry averages shown in Exhibit 17.11.
Exhibit 17.11
Transcribed Image Text:
Comparison Change For U* to Industry Average 2020 2019 Current ratio Quick ratio.. Accounts receivable turnover Days' sales uncollected. Inventory turnover. Days' sales in inventory. Total asset turnover Debt ratio 1.14:1 1.23:1 1.00:1 0.99:1 11 26 29 4.2 63 3.7 67 2.0 1.8 35 45 44 44 Times interest earned. Profit margin. Gross profit ratio.. 11 14 15 Current ratio Quick ratio... Accounts receivable turnover Days' sales uncollected.. Inventory turnover. Days' sales in inventory. Total asset turnover. Accounts payable turnover Debt ratio Equity ratio. Pledged assets to secured liabilities 1.6:1 1.1:1 16 times 21 days 5 times 70 days 2.3 times 4 times 35% Times interest earned. Profit margin . Gross profit ratio. Return on total assets. Return on common shareholders' equity.. Book value per common share Book value per preferred share. Earnings per share. Price-earnings per share. Dividend yield. 50 times 14% 18% 20% 32.7% $8.63 $15.00 $1.79 18.2 $0.35 65% 1.4:1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
2020 2019 Trend Comparison to Industry Average Current ...View the full answer
Answered By
Issa Shikuku
I have vast experience of four years in academic and content writing with quality understanding of APA, MLA, Harvard and Chicago formats. I am a dedicated tutor willing to hep prepare outlines, drafts or find sources in every way possible. I strive to make sure my clients follow assignment instructions and meet the rubric criteria by undertaking extensive research to develop perfect drafts and outlines. I do this by ensuring that i am always punctual and deliver quality work.
5.00+
6+ Reviews
13+ Question Solved
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
Question Posted:
Related Video
Days payable outstanding is an efficiency ratio that measures the average number of days a company takes to pay its suppliers. The video shows how to effectively calculate days Payable outstanding.
Students also viewed these Business questions
-
Vivavision Inc. calculated the ratios shown below for 2014 and 2013: Required 1. Identify whether the change in the ratios from 2013 to 2014 is favourable (F) or unfavorable (U). 2. Assess whether...
-
Espial Group Inc. calculated the ratios shown below for 2014 and 2013: Required 1. Identify whether the change in the ratios from 2013 to 2014 is favourable (F) or unfavorable (U). 2. Assess whether...
-
Web Structure Inc. calculated the ratios shown below for 2020 and 2019: Required 1. Identify whether the change in the ratios from 2019 to 2020 is favourable (F) or unfavourable (U). 2. Assess...
-
The local bank manager has found that one out of every 400 bank loans end up in default. Last year the bank made 400 loans. What is the probability that two bank loans will end up in default?
-
Let P(n) be the statement that where n is an integer greater than 1. a) What is the statement P(2)? b) Show that P(2) is true, completing the basis step of the proof. c) What is the inductive...
-
a. What is an open market purchase by the Fed? b. Which unit of the Fed decides on open market policy, and what unit implements that policy? c. What is the immediate consequence of in open market...
-
(a) Prove that if \(\psi(x)\) is a solution of the Dirac equation, Eq. (4.4.59), then it is also a solution of the Klein-Gordon equation, Eq. (4.3.12). (b) Prove that \(\partial_{\mu}\) and...
-
Randomly selected records of 140 convicted criminals reveal that their crimes were committed on the following days of the week: (a) Using the .01 level of significance, test the null hypothesis that...
-
In the following problem, suppose the resource values of the second and the third constraints are kept at 18 and 16, respectively, and that by the resource value for the first constraint, is allowed...
-
The Robbins Corporation is an oil wholesaler. The firms sales last year were $1 million, with the cost of goods sold equal to $600,000. The firm paid interest of $200,000 and its cash operating...
-
Refer to Exhibit 17.14 and calculate Airspace?s liquidity and efficiency ratios for 2020 and 2019 (round answers to two decimal places). Analysis Component: Identify whether the change in each ratio...
-
Refer to Exhibit 17.14 and calculate Focus Metals? solvency ratios for 2019 and 2020 (round answers to two decimal places). Analysis Component: Identify whether the change in each ratio from 2019 to...
-
What is the significance of a high value of the probability density 2 of a particle at a certain time and place? Of a low value of 2 ?
-
To have a legally valid contract, the contract must have the following elements: Select one OA. Offer, acceptance, consideration, capacity, counteroffer, legality B. Offer; acceptance, promises,...
-
A firm is facing a short-term cash-flow problem which, over the next three months will necessitate a bank loan. The timing of the loan, which will be at the rate of 2% per month, is important as it...
-
Question 4+ Answer the following unrelated items. < a) Suppose you live in a Modigliani-Miller world with just one imperfection: taxes. You are the CEO of a company with the following simple balance...
-
1. Find: a) 74 mod 11 b) 74 div 11 c) -74 mod 11 d) -74 div 11
-
+ 3) Considering the first reader-writer solution below, please explain which semaphores that readers and writers are waiting on when there is a writer in inside the Critical Section updating shared...
-
1. Compare the asset turnover ratios for Delta Air Lines (see the chapter illustration), United (MBA 7-5), Southwest (MBA 7-6), and JetBlue (MBA 7-7). Use Year 2 of Delta and JetBlue for your...
-
Diamond Walker sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Diamond $1,500 per year. The craft...
-
Presented below is the partial bond discount amortization schedule for Syam Corp., which uses the effective-interest method of amortization. Instructions(a) Prepare the journal entry to record the...
-
Briefly describe some of the similarities and differences between GAAP and IFRS with respect to the accounting for liabilities.
-
Briefly describe some of the similarities and differences between GAAP and IFRS with respect to the accounting for liabilities.
-
The process a small firm uses for manufacturing skateboards is depicted below: Forming Painting Drying Assembly Labeling Activity Forming Painting Drying Assembly Labeling Processing Time 8 2 10 4...
-
Ratgo Corp. is a wholesaler of imported products. It reported $4,500,000 in sales for fiscal year 2023, all on account. The company collected $4,450,000 in cash from customers during the year and...
-
An additional standard deduction is allowed for: Lesson 4 ASSI Best Solutions is a retail merchandiser selling computer equipment. Best uses the gross method of accounting for inventory purchases and...
Study smarter with the SolutionInn App