als of Financial Statement Analysis i Accounts receivable Inventory Total current assets Intangible assets Total assets Current liabilities Long-term liabilities Sales: Cost of goods sold Interest expense Income tax expense Net income Cash flow from operations Cash flow from investing activities Cash flow from financing activities Tax rate The inventory turnover for 20X2 is (rounded): 20X2 $ 267,500 20X1 $230,000 312,500 257,500 670,000 565,000 50,000 60,000 825,000 695,000 252,500 200,000 77,500 75,000 1,640,000 982,500 10,000 77,500 127,500 71,000 (6,000) (62,500) 30% Saved

als of Financial Statement Analysis i Accounts receivable Inventory Total current assets Intangible assets Total assets Current liabilities Long-term liabilities Sales: Cost of goods sold Interest expense Income tax expense Net income Cash flow from operations Cash flow from investing activities Cash flow from financing activities Tax rate The inventory turnover for 20X2 is (rounded): 20X2 $ 267,500 20X1 $230,000 312,500 257,500 670,000 565,000 50,000 60,000 825,000 695,000 252,500 200,000 77,500 75,000 1,640,000 982,500 10,000 77,500 127,500 71,000 (6,000) (62,500) 30% Saved

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 4CE

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I Current ratioli. Times interest earnedjli. Inventory turnover¡v. Total asset turnoverv. Operating profit marginVi. Debt ratiovi. Average collection periodVii Fixed asset turnoverixReturn on equity
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