Twist Corporation has a current accounts receivable balance of $387,615. Credit sales for the year just...
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Twist Corporation has a current accounts receivable balance of $387,615. Credit sales for the year just ended were $2,937,600. a. What is the receivables turnover? Receivables turnover b. What is the days' sales in receivables? Days' sales in receivables 15 3.44 points eBook Print References Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 Assets Current assets Cash Accounts receivable Inventory Total 2017 $ 10,250 28,850 64,600 $ 103,700 Current ratio JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets 2018 $10,750 28,800 64,900 $ 104,450 Fixed assets $ Net plant and equipment 330,000 350,000 Total assets $ $ 433.700 454.450 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Total liabilities and owners' equity Based on the balance sheets given for Just Dew it, calculate the following financial ratios for the year 2017 a. Current ratio 2017 $72,250 46.500 $ 118,750 $ 57,900 Long-term debt Owners' equity Common stock and paid-in surplus $ 80,000 Retained earnings Total 2018 $ 58,000 45,500 इ 103,500 $ 64,300 $80,000 177,050 206.650 $ $ 257,050 286,650 $ $ 433,700 454,450 15 3.44 points eBook Print References b. Quick ratio Quick ratio c. Cash ratio Cash ratio 15 3.44 points eBook Print References d. NWC to total assets ratio NWC ratio e. Debt-equity ratio and equity multiplier Debt-equity ratio and Equity multiplier 15 3.44 points ebook Pre References f. Total debt ratio and long-term debt ratio Total debit ratio and Long-term debt ratio Besed on the balance sheets given for Just Dew it, calculate the following financial ratios for the year 2018 e. Current ratio Cument ratio 15 3.44 points eBook Print References b. Quick ratio Quick ratio c. Cash ratio Cash ratio 15 344 c. Cash ratio Cash ratio d. NWC to total assets ratio NVVC ratio A 15 3.44 points eBook Print References e. Debt-equity ratio and equity multiplier Debt-equity ratio and Equity multiplier f. Total debt ratio and long-term debt ratio Total debt ratio and Long-term debt ratio Twist Corporation has a current accounts receivable balance of $387,615. Credit sales for the year just ended were $2,937,600. a. What is the receivables turnover? Receivables turnover b. What is the days' sales in receivables? Days' sales in receivables 15 3.44 points eBook Print References Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 Assets Current assets Cash Accounts receivable Inventory Total 2017 $ 10,250 28,850 64,600 $ 103,700 Current ratio JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets 2018 $10,750 28,800 64,900 $ 104,450 Fixed assets $ Net plant and equipment 330,000 350,000 Total assets $ $ 433.700 454.450 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Total liabilities and owners' equity Based on the balance sheets given for Just Dew it, calculate the following financial ratios for the year 2017 a. Current ratio 2017 $72,250 46.500 $ 118,750 $ 57,900 Long-term debt Owners' equity Common stock and paid-in surplus $ 80,000 Retained earnings Total 2018 $ 58,000 45,500 इ 103,500 $ 64,300 $80,000 177,050 206.650 $ $ 257,050 286,650 $ $ 433,700 454,450 15 3.44 points eBook Print References b. Quick ratio Quick ratio c. Cash ratio Cash ratio 15 3.44 points eBook Print References d. NWC to total assets ratio NWC ratio e. Debt-equity ratio and equity multiplier Debt-equity ratio and Equity multiplier 15 3.44 points ebook Pre References f. Total debt ratio and long-term debt ratio Total debit ratio and Long-term debt ratio Besed on the balance sheets given for Just Dew it, calculate the following financial ratios for the year 2018 e. Current ratio Cument ratio 15 3.44 points eBook Print References b. Quick ratio Quick ratio c. Cash ratio Cash ratio 15 344 c. Cash ratio Cash ratio d. NWC to total assets ratio NVVC ratio A 15 3.44 points eBook Print References e. Debt-equity ratio and equity multiplier Debt-equity ratio and Equity multiplier f. Total debt ratio and long-term debt ratio Total debt ratio and Long-term debt ratio
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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