Yadier Corporation's comparative balance sheets are presented below. Yadier Corporation Balance Sheets December 31 Yadier's 2014 income
Question:
Yadier Corporation
Balance Sheets
December 31
Yadier's 2014 income statement included net sales of $116,920, cost of goods sold of $60,310, and net income of $14,160.
Compute the following ratios for 2014.
Current ratio: 1
Acid-test ratio: 1
Accounts receivable turnover times
Inventory turnover times
Profit margin%
Asset turnover times
Return on assets %
Return on common stockholders' equity %
Debt to total assets ratio %
2014 2013 $ 4,010 $ 4,030 Cash 22,120 Accounts receivable 23,450 Inventory 10,100 7,160 26,280 Land 20,130 Buildings 69,560 69,560 (14,800 ) Accumulated depreciation (10,020 -buildings $111,120 $120,460 Total $ 12,470 $ 30,910 Accounts payable 69,270 Common stock 74,160 Retained earnings 24,490 20,280 $111,120 $120,460 Total
Step by Step Answer:
Current Ratio Current Assets Current liabilities 4010 22120 1010012470 2905 ...View the full answer
Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Related Video
Inventory turnover is a key metric that helps businesses evaluate the efficiency of their operations. A high turnover ratio is generally considered positive, indicating that the company is effectively selling its inventory and making efficient use of its resources. On the other hand, a low turnover ratio may indicate issues such as overstocking or slow sales and may require further examination to identify and address the underlying causes. Businesses use this ratio to make decisions about inventory levels, production schedules, and pricing strategies. It also helps businesses to identify areas where they may need to make improvements, such as reducing lead times for production or optimizing sales and marketing efforts. Additionally, inventory turnover is used by investors and analysts as a key performance indicator to evaluate the financial health and growth potential of a company.
Students also viewed these Corporate Finance questions
-
Meera Corporation?s comparative balance sheets are presented below. Additional information:1. Net income was $22,630. Dividends declared and paid were $19,500.2. All other changes in noncurrent...
-
Cassandra Corporation?s comparative balance sheets are presented below. Additional information:1. Net income was $18,300. Dividends declared and paid were $16,400.2. Equipment which cost $10,000 and...
-
Stewart Corporation?s comparative balance sheets are presented below. Stewart?s 2012 income statement included net sales of $100,000, cost of goods sold of $60,000, and net income of $15,000....
-
In buck-boost converter, the duty ratio is adjusted to regulate the output voltage Vo at 30 V. The input voltage varies in a wide range from 30 to 50 V. The output power is 100 W. The inductor L =...
-
Use the explicit method of Eq. (8.115) to solve Problem 4.85 numerically for SAE 30 oil (v = 3.25E4 m2/s) with Uo = 1 m/s and = M rad/s, where M is the number of letters in your surname. (The author...
-
Develop your own worksheet for the Butler inventory simulation model shown in Figure. Suppose that management prefers not to charge for loss of goodwill. Run the Butler inventory simulation model...
-
Twenty motors are put on an accelerated life test without replacement and the test is truncated after 5 failures. If the first 5 failures occurred at 12.5, 16.8, 24.3, 27.6 and 32.1 hours, assuming...
-
1. Who are the stakeholders in this case, and what are their stakes? 2. What social responsibility does the firm have for the environment? How would you assess the firms CSR using the four-part CSR...
-
Golden State Elixirs' tinctures are produced in four steps: extraction, blending, testing, and bottling. The first step is the extraction of cannabis oil from cannabis buds, also called cannabis...
-
Tyler, a self-employed taxpayer, travels from Denver to Miami primarily on business. He spends five days conducting business and two days sightseeing. His expenses are $400 (airfare), $150 per day...
-
XYZ, Inc. is considering a 5 year, 12% WACC capital budgeting project under three scenarios. If conditions are excellent, the cash flows from this project are expected to be $4,000 per year; under...
-
Yakking Co. manufactures mobile cellular equipment and develops a price for the product by using the variable cost concept. Yakking incurs variable costs of $1,900,000 in the production of 100,000...
-
A sphere is suspended in air in a dark room and maintained at a uniform incandescent temperature. When first viewed with the naked eye, the sphere appears to be brighter around the rim. After several...
-
To qualify to compete in a high jump finals, athletes must jump a certain height in the semifinals. Jon jumped 1 5/8 inches below the qualifying height, but his friend Anthony made it to 2 1/4 inches...
-
Which documents must agree for the triple-match? PO, requisition, bill of materials PO, invoice, and receiving report PO, invoice, bill of materials PO, requisition, receiving report
-
You have a 1500-Watt hairdryer that you use for an average of 5 minutes per day. Your utility company charges $0.14 cents per kilowatt-hour of electricity. What is the weekly cost of running the hair...
-
Anna inherited 100 shares of Juliett stock from her grandmother, who purchased the stock on March 22, Year 2 for $14 per share and the fair market value of the stock on date of death was $17 per...
-
Test Prep Each year Rolando saves 8% of his income for a new car. This year he saved $3000 and his salary was $2000 less than in the previous year. What was his salary in the previous year? Write and...
-
Find the given distances between points P, Q, R, and S on a number line, with coordinates -4, -1, 8, and 12, respectively. d(Q, S)
-
A fast-food restaurant averages 150 customers per hour. The average processing time per customer is 90 seconds. a. Determine how many cash registers the restaurant should have if it wishes to...
-
When has your level of performance been directly affected by your motivation by your ability by the environment?
-
Identify examples from your own experience that support, and others that refute, Maslows hierarchy of needs theory.
-
Do you agree or disagree with the basic assumptions of Herzbergs dual-structure theory? Why?
-
Given the function. f(x) = ln (2x+3x) Compute f'(x). Enter your answer rounded to the nearest tenth
-
A motor-cycle manufacturing company desires a profit of $600,000. The fixed costs are $800,000. The unit selling price of the motor-cycle is $750 and the variable cost per unit is $680. How many...
-
3. ZR Corporation's stock has a beta coefficient equal to 0.8 and a required rate of return equal to 11 percent. If the expected rate of return on the market is 12.5 percent, what is the risk-free...
Study smarter with the SolutionInn App