Question: Please help me will thumbs up Additional information for 2021 : 1. Net income is $184,000. 2. Sales on account are $1,890,000. 3. Cost of

Please help me will thumbs up

Additional information for 2021 : 1. Net income is $184,000. 2. Sales on account are $1,890,000. 3. Cost of goods sold is $1,394,250. Required: 1. Calculate the following risk ratios for 2021 : (Round your answers to 1 decimal ploce.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ $ 216, 400 94,000 103,000 4,800 128,000 109,000 8,000 2,800 Assets Current assets: Cash Accounts receivable Inventory...

PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ 242,000 98,000 105,000 5,000 $ 130,000 102,000 90,000 3,000 Assets Current assets Cash Accounts receivable Inventory...

Additional information for 2021: 1. Net income is $143,000. 2. Sales on account are $1,776,300. 3. Cost of goods sold is $1,323,000. Required: 1. Calculate the following risk ratios for 2021: (Round...

Full WUI Chapel 12 Mathway | Algebra apter #12 Saved PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ $ 137,200 74,000 93,000 3,800 118,000 90,000 78,000 1,800 Assets...

4. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ 199,360 $ 112,000 62,000 84,000 87,000 72,000 3,200 1,200 Assets Current assets: Cash Accounts receivable Inventory...

PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ $ 242,000 98,000 105,000 5,000 130,000 102,000 90,000 3,000 580,000 890,000 (528,000) $1,392,000 580,000 770,000...

December 31, 2021 and 2020 2021 2020 $ 144, 400 $ 82,000 97,000 4,200 122.000 94,000 82,000 2,200 500,000 500,000 810,000 690,000 (448,000) (288,000) $1,189,600 $1,202,200 Assets Current assets! Cash...

exercise 12/2A calculare risk ratios. The balance sheets for plasma screens corporation in addition information or provided below. Balance sheets December 31, 2021 and 2020 2021 2020 $ 198, 000 $...

Additional Information for 2021: 1. Net income is $143,920. 2. Sales on account are $1,776,300. 3. Cost of goods sold is $1,323,000. Required: 1. Calculate the following profitability ratios for...

Not sure if I did the first few risk ratios correctly. Any help would be greatly appreciated! PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ 191, 200 64,000 88,000...

Car wash attendants currently earn $5 per hour and choose to work 50 hours per week. A law has just been passed requiring car washes to pay double wages for any hours in excess of 40 per week. The...

Here are two common demonstrations of Bernoulli effects: (a) If you hold a narrow strip of paper in front of your mouth and blow over the top surface, the strip will rise (Fig. 9.33a). (Try it.) Why?...

compensation plan that is funded utilizing a rabbi trust? Rabbi trusts provide participants with security against the employer's unwillingness to pay. Rabbi trusts provide participants with security...

Which of the following statements are true of implicitly - typed languages? Select all answers that apply. The programmer may be able to tell the compiler what data type to use for a variable in an...