Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in...
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Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2020 2019 $14,842 $7,864 22,940 21,718 33,619 29,952 19,984 20,322 Total current assets $91,385 $79,856 Total current liabilities $261,100 $347.200 Cash Accounts receivable Inventory Other current assets (a1) Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.) Current ratio 2020 :1 2019 :1 Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $781.82 million and sales of $25,220.0 million in 2020. Its total assets were $12.000 million at the beginning of the year and $14,000 million at the end of the year. What is Staples, Inc.'s (a) asset turnover and (b) profit margin? (Round asset turnover to 2 decimal places, e.g. 1.25 and profit margin to 1 decimal place, e.g. 2.5%.) (a) Asset turnover (b) Profit margin times % Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2020 2019 $14,842 $7,864 22,940 21,718 33,619 29,952 19,984 20,322 Total current assets $91,385 $79,856 Total current liabilities $261,100 $347.200 Cash Accounts receivable Inventory Other current assets (a1) Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.) Current ratio 2020 :1 2019 :1 Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $781.82 million and sales of $25,220.0 million in 2020. Its total assets were $12.000 million at the beginning of the year and $14,000 million at the end of the year. What is Staples, Inc.'s (a) asset turnover and (b) profit margin? (Round asset turnover to 2 decimal places, e.g. 1.25 and profit margin to 1 decimal place, e.g. 2.5%.) (a) Asset turnover (b) Profit margin times %
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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