Use the information to solve the questions Revenue Cost of goods sold Interest expense Income tax expense
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Revenue Cost of goods sold Interest expense Income tax expense Net income Current assets (ending balance) Long-term assets (ending balance) Total assets (ending balance) Current liabilities (ending balance) Long-term liabilities (ending balance) Total liabilities (ending balance) Preferred dividends Total stockholders' equity (ending balance) Total outstanding shares Market price of shares Average inventory Average assets (excluding long-term investments) Average total assets Average total stockholders' equity 2021 2020 2019 2018 640,320.00 441,600,00 320,000.00 10,901,977.24 7,508,199.16 5,727,216.00 3,941,696.00 2,061,536.40 1,374,357.60 1,025,640.00 683,760.00 1,052,060,00 891,576.00 768,600.00 610,000.00 1,225,572.00 845,222.00 5,571,720.00 3,714,480.00 2,772,000.00 1,848,000,00 1,400,000.00 11,751,396.40 9,039,535.60 68,480,133.20 5,035,392.00 4,060,800.00 17,627,094.60 13,559,303.40 102,720,199.80 7,553,088.00 6,091,200.00 29,378,491.00 22,598,839.00 171,200,333.00 12,588,480.00 10,152,000.00 4,173,933.01 3,701,510.80-63,272,288.24 2,323,321.73 2,093,167.20 6,498,357.99 5,762,848.20 98,508,044.76 3,617,158.27 3,258,832.80 10,672,291.00 9,464,359.00 161,780,333.00 5,940,480.00 5,352,000.00 243,180.60 170,748,24 122,460.00 86,424,00 62,400.00 9,420,000.00 6,648,000.00 4,800,000.00 2,500,000.00 2,500,000.00 18,706,200.00 13,134,480.00 2,500,000.00 2,500,000.00 13.50 12,84 3,092,304.60 2,061,536.40 14,101,675.68 10,847,442.72 25,988,665.00 19,859,586.00 15.920,340.00 11.277.240.00 12.22 11.63 1,538,460.00 1,025,640.00 2017 3,011,800.00 518,000.00 500,000.00 2,500,000.00 11.06 777,000.00 82,176,159.84 6,042,470.40 14,854,406.00 11,370,240.00 8,676,000.00 8,034,000.00 5,724,000.00 4,100,000.00 4,872,960.00 Revenue Cost of goods sold Interest expense Income tax expense Net income Current assets (ending balance) Long-term assets (ending balance) Total assets (ending balance) Current liabilities (ending balance) Long-term liabilities (ending balance) Total liabilities (ending balance) Preferred dividends Total stockholders' equity (ending balance) Total outstanding shares Market price of shares Average inventory Average assets (excluding long-term investments) Average total assets Average total stockholders' equity 2021 2020 2019 2018 640,320.00 441,600,00 320,000.00 10,901,977.24 7,508,199.16 5,727,216.00 3,941,696.00 2,061,536.40 1,374,357.60 1,025,640.00 683,760.00 1,052,060,00 891,576.00 768,600.00 610,000.00 1,225,572.00 845,222.00 5,571,720.00 3,714,480.00 2,772,000.00 1,848,000,00 1,400,000.00 11,751,396.40 9,039,535.60 68,480,133.20 5,035,392.00 4,060,800.00 17,627,094.60 13,559,303.40 102,720,199.80 7,553,088.00 6,091,200.00 29,378,491.00 22,598,839.00 171,200,333.00 12,588,480.00 10,152,000.00 4,173,933.01 3,701,510.80-63,272,288.24 2,323,321.73 2,093,167.20 6,498,357.99 5,762,848.20 98,508,044.76 3,617,158.27 3,258,832.80 10,672,291.00 9,464,359.00 161,780,333.00 5,940,480.00 5,352,000.00 243,180.60 170,748,24 122,460.00 86,424,00 62,400.00 9,420,000.00 6,648,000.00 4,800,000.00 2,500,000.00 2,500,000.00 18,706,200.00 13,134,480.00 2,500,000.00 2,500,000.00 13.50 12,84 3,092,304.60 2,061,536.40 14,101,675.68 10,847,442.72 25,988,665.00 19,859,586.00 15.920,340.00 11.277.240.00 12.22 11.63 1,538,460.00 1,025,640.00 2017 3,011,800.00 518,000.00 500,000.00 2,500,000.00 11.06 777,000.00 82,176,159.84 6,042,470.40 14,854,406.00 11,370,240.00 8,676,000.00 8,034,000.00 5,724,000.00 4,100,000.00 4,872,960.00
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To calculate Asset Turnover for 2019 using the corrected amount we need to first calculate the corrected Average Assets excluding longterm investments ... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
Posted Date:
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