This equation is incorrect I need help figuring this out OxF4OA +4R1006:0Select the images below to enlarge.Balance SheetInvestmentsF5Murawski CompanyBalance SheetDecember 31Cash and cash edAccounts recevComond abilitiNGEPropeny, blant and eleytangibles and othLong-termStockholder's equity-TOTAL MAGISTLES and stockholdeи до5001 Revenue5PrepaidTotal curreMurawski CompanyIncome StatementFor the Years Ended December 31Cose and expensesIncome StatementCost of goods soldSelling and Administrative expensesinterest expenseTotal costs and expensesIncome before income taxesTF6Income tax expenseNet Income6IncorrectPlease calculate this ratio again to proceed.2022F7$3,8009552,400253.3.80Y1201262021$3,460&8902,330203,240$154W8F8Calculate the 2021 Inventory Turnover ratio.Jed to 2 decimalin the exampleXTry AgainD8F9U][prt scF10Click the check mark to check your answers.Fields with incorrect responses will beremoved so you can try again.(9Kleer Ratio 2021home11F11O= 2.43A1.88endF12LPinsert8:21 PM12/19/2022+ 11delete|||| Select the images below to enlarge.Balance SheetCurrent Assets100:OMurawski CompanyBalance SheetDecember 31InvestmentsF5Cash and cash equivalentsAccounts receivable (net)Current liabilitiesInventoryPrepaid expensesTotal current assetsProperty, plant, and equipmentIntangibles and other assetsSales RevenueLong-term liabilitiesStockholder's equity - commonTotal liabilities and stockholder's equityop inMurawski CompanyIncome StatementFor the Years Ended December 31Costs and expensesIncome StatementIncome before income taxesCost of goods soldSelling and Administrative expensesInterest expenseTotal costs and expensesT10420530$2.340Total assets2022F6Income tax expenseNet IncomeA$3304704601201,3806О20212022$900 $7904103801.030 1.040$2.340$2,210$3,800F7$3604003901601,3109552,400253.38010380$10$2.210Y420126$2942021$3,460&78902,330203,24022066$154W8F8UCalculate the 2021 Inventory Turnover ratio.Use whole numbers rounded to 2 decimalplaces, if needed, as seen in the examplebelow.*81500890F9Fprt sc|Inventory Turnover Ratio 2021HExample800F109365Click the check mark to check your answers.Fields with incorrect responses will beremoved so you can try again.home||=F11O=1.8802.43endF12L-Pinsert8:21 PM12/19/2022+ 11{delete//J

Name: This equation is incorrect I need help figuring this out OxF4OA +4R100
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Description: This equation is incorrect I need help figuring this out OxF4OA +4R1006:0Select the images below to enlarge.Balance SheetInvestmentsF5Murawski CompanyBalance SheetDecember 31Cash and cash edAccounts recevComond abilitiNGEPropeny, blant and eleytangib

Answer Formula is Inventory turnover ratio = cost of goods sold / average…

Business

Finance

Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash ed Accounts receiv Prepaid Total curr Property, plant, and e Intangibles and ot To Current liabilities Long-term Stockholder's equity- Total liabilities and stockholde Income Statement. Murawski Company Income Statement ember 31 Calculate the 2021 Inventory Turnover ratio. Jed to 2 decimal in the example X Incorrect Please calculate this ratio again to proceed. Try Again le = 1.88 er Ratio 2021 = 2.43

Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash ed Accounts receiv Prepaid Total curr Property, plant, and e Intangibles and ot To Current liabilities Long-term Stockholder's equity- Total liabilities and stockholde Income Statement. Murawski Company Income Statement ember 31 Calculate the 2021 Inventory Turnover ratio. Jed to 2 decimal in the example X Incorrect Please calculate this ratio again to proceed. Try Again le = 1.88 er Ratio 2021 = 2.43

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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om/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocat- Current Position Analysis The following items are reported on a company's balance sheet: Cash $248,600 Marketable securities 194,200 Accounts receivable (net) 197,000 Inventory 137,100 Accounts payable 457,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio Check My Work Email Ins All work saved. %23
perience p....pptm ^ Type here to search w X # 3 E Coronado Company's condensed financial statements provide the following information. C Cash Accounts receivable (net) Short-term investments Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Total assets Current liabilities ACC341-2022-Ho....xlsx $ 4 Bonds payable R F % 5 O CORONADO COMPANY BALANCE SHEET T At O+ 6 V B ▶ music 2.jpeg n H & 7 Dec. 31, 2020 $52,100 197,700 80,800 442,700 3,000 $776,300 849,900 $1,626,200 237,700 401,800 U 20 8 J Dec. 31, 2019 $60,200 O 80,800 39,600 N M 360,200 $547,700 849,900 $1,397,600 6,900 155,700 ( 401,800 9 W K F11 ) O 0 888 P Home End C Rair Inse
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The comparative balance sheet of Merrick Equipment Co. for Dec. 31, 20Y9 and 20Y8, is:Dec. 31, 20Y9 Dec. 31, 20Y8AssetsCash $70,720 $47,940Accounts receivable (net) 207,230 188,190Inventories 298,520 289,850Investments 0 102,000Land 295,800 0Equipment 438,600 358,020Accumulated depreciation—equipment (99,110) (84,320)Total assets $1,211,760 $901,680Liabilities and Stockholders' EquityAccounts payable (merchandise creditors) $205,700 $194,140Accrued expenses payable (operating expenses) 30,600 26,860Dividends payable 25,500 20,400Common stock, $1 par 202,000 102,000Paid-in capital: Excess of issue price over par—common stock 354,000 204,000Retained earnings 393,960 354,280Total liabilities and stockholders' equity $1,211,760 $901,680The income statement for the year ended December 31, 20Y9, is as follows:Sales $2,023,898Cost of goods sold 1,245,476Gross profit $778,422Operating expenses:Depreciation expense $14,790Other operating expenses 517,299Total operating expenses 532,089Operating…
CengageNOWv2 |Onlin X genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=D&inprogress3Dfalse eBook Show Me How E Calculator E Print Item Backeslea Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $69,400 on a corporation's common stock are July 9, August 31, and October 1. Journalize the entries required on each date. If no entry is required, select "No entry required" and leave the amount boxes blank. July 9 Aug. 31 Oct. 1 Check My Work Previous Next 12:38 PM 4/7/2020
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II. The following is a comparative balance sheet of ABC Co. for December 31, 2022 and 2021: Cash and cash equivalents Accounts receivable Inventories Investment in bonds at amortized cost Equipment Accumulated depreciation Total Assets Accounts payable Bonds payable, due 2025 Ordinary stock, P20 par Share premium Retained earnings Total Liabilities and Equity Additional information: . 2022 250,000 327,600 822,000 0 . 2,400,000 (700,000) 3,099,600 359,000 0 1,800,000 280,000 660,600 3,099,600 2021 220,000 356,000 780,000 200,000 2,040,000 (760,000) 2,836,000 • Net income for 2022, P545,600. Depreciation reported on income statement, P140,000. Fully depreciated equipment, no salvage value, was scrapped. Equipment was purchased for P560,000. Bonds of P400,000 were retired at their face value. 281,000 400,000 1,600,000 200,000 355,000 2,836,000 10,000 shares of ordinary stock were issued for cash of P28 per share. Cash dividends declared and paid, P240,000 Investment in bonds with carrying…
ABC Industry and Trade Inc. Balance Sheet as of 31.12.2020 (TL) transactions ASSETS(Assets) I-Current Assets Ready Values Securities Commercial debts Stocks Other Current Assets Current Assets Total I-Fixed Assets Financial Fixed Assets Tangible Fixed Assets Total Fixed Assets TOTAL ASSETS 31.12.2020 Amount Vertical Percent (%) 360.000 12 45.000 1.5 870.000 29 840.000 28 255.000 8.5 2.370.000 79 390.000 13 240.000 8. 630.000 21 3.000.000 100 LIABILITIES(RESOURCES) l-Short Term Liv. resources Financial Debts Trade payables Short Term Foreign Resource Total Il-Long-Term Liabilities Financial Debts Long Term Liv. Source Ball. III-Equity Paid-in capital Profit Reserves Net profit for the period Previous Year's profit Total Equity TOTAL LIABILITIES (RESOURCES) 39.000 1.3 120.000 4 159.000 5.3 81.000 2.7 81.000 2.7 120.000 4 420.000 14 1.950.000 65 270.000 9 2.760.000 92 3.000.000 100 Requested: Calculate the vertical percentages of the Balance Sheet items of ABC Sanayi ve Ticaret A.Ş. dated…
gEnabled: Midterm exami 7:55 Microsoft's current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a rccent financial statement: Inventory Total assets Current ratio Acid-test ratio Debt to equity ratic $ 190,000 $ 780,000 Shareholders' equity 2.65 1.70 1.60 Required: Compute the shareholders' equity for Microsoft: Saved
Score: 0 of 1 pt 2 of 10 (9 complete) HW Score: 56.67%, 5.67 of 10 pts P7-3 (similar to) Question Help ▼ Preferred dividends In each case in the following table, , how many dollars of preferred dividends per share must be paid to preferred stockholders before common stock dividends are paid? The amount of preferred dividends that must be paid in Case A before common dividends are paid is $ (Round to the nearest cent.) Libra culat purce Enter your answer in the answer box and then click Check Answer. ady Check Answer 4 parts remaining Clear All tion Tools > ples of Managerial Einance Brief Se This course (Introductrion to Finance (EIN 101-D02) Distance Spring 2021)is based on Zutter/Smart: pe here to search 远

Requirement 1. Compute these ratios: Working Capital Current Debt-to- Ratio Cash Ratio Debt Ratio Equity Ratio Round ratios to two 14.44 212400 7.73 decimal places or format as percentages or Accounts Days Sales currency as appropriate. Inventory Days Sales in Gross ProfitReceivable in Turnover Inventory Percentage Turnover Receivables 2019 Total Assets = Rate of Rate of Asset Return on Return on Turnover Stockholders' Earnings Total Assets Ratio Equity Per Share 2019 SHE = Price/ Earnings *Current Stock Price is Dividend $10.00 per share Ratio* Dividend Yield Payout Dividend per share= Requirement 2. Based on the ratios computed above, analyze the company's ability to pay its debts (both current and long term). Refer to at least 3 specific ratios in your analysis. Requirement 3: Based on the ratios computed above, analyze the company's management of inventory. Refer to at least 2 specific ratios in your analysis. Requirement 4: Based on the ratios computed above, analyze the company's…