The financial web sites report the following for June 28 for ETM Co.: High: 48.27, Low: 45.05, Close: 45.15, Change: -2.25. What was the closing price on June 27? Multiple Choice A. $47.40 B. $45.15 C. $48.27 D. $45.05
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The financial web sites report the following for June 28 for ETM Co.: High: 48.27, Low: 45.05, Close: 45.15, Change: -2.25. What was the
closing price on June 27?
Multiple Choice
A. $47.40
B. $45.15
C. $48.27
D. $45.05
Step by step
Solved in 3 steps with 1 images
- Required: Compute the following: (For Requirements 1 to 4, enter your percentage answers rounded to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) 1. Gross margin percentage. 2. Net profit margin percentage. 3. Return on total assets. 4. Return on equity. 5. Was financial leverage positive or negative for the year? 1. Gross margin percentage % 2. Net profit margin percentage % 3. Return on total assets % 4. Return on equity % 5. Financial Leveragea. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two decimal places, X.XX.) Current ratio More Info a. Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage Print Done Choose from any list or enter any number in the input fields a Financial Statements Balance Sheet: Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales Cost of Goods Sold $ Current Year Preceding Year 15,000 $ 11,000 56,000 64,000 13,000 159,000 132,000 465,000 317,000 29,000 27,000 94,000 82,000 7,000 239,000 89,000Good day dear tutor, please provide all the following requirements, i deeply appreciate it, thank you so much! For questions 114 to 117, math the ratios at the left with the definition at theright. 114. Price-earnings ratio.115. Days’ sales in receivables 116. Days’ sales in inventory 117. Times interest earned a) Ratio of pretax operating incometo annual interest expense.b) Market price of a share of stockdivided by earnings per share.c) A measure of age or adequacy ofinventory, each calculated by theratio of ending inventory balanceto average daily cost of sales forthe preceding period.d) A measure of the receivables’ agecalculated by the ratio of endingreceivable balance to averagedaily sales for the precedingperiod.
- Refer to the following selected financial information from WorkFit Corporation. Compute the company's acid-test ratio. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Current liabilities Multiple Choice O O O 2.76. 0.91. 1.10. 2.67. 1.63. $ 42,250 59,180 79,500 115,000 9,700 111,000The following table shows some selected financial information of Taqah Company. According to the given information, which of the following shows the Quick Ratio (QR) correctly? Cash 8000 Marketable securities 2000 Account Receivables 12000 Long term investment 25000 Long term Loan 12500 Inventory 7000 Rent expense 4200 Current Liabilities 13000 Select one: a. QR 0.70 b. None of the options c. QR = 1.69 d. QR = 1.03 %3DV. Direction: Solve the following problems using financial ratios. Write the answer on the blank. 1. Current assets is P20,000, current liabilities is P30,000. What is the current ratio? 2. Inventory is P15,000; Accounts Payable is P45,000. Cash and accounts receivable total P8,000. What is the current ratio? What is the quick ratio? 3. If current ratio is 1.5, what is the total accounts receivable if cash is P220,000, inventory is P75,000, and accounts payable is P330,000? 4. Cash is 30% of total current assets. If current ratio is 2.5, what is the new current ratio if total non- cash current assets grow by 50%? 5. The total asset is P1,500,000. Sales is P4,500,000. What is the asset turnover? 6. Accounts receivable turnover is 8. What is the average collection period assuming annual data What is the average collection period if quarterly data are used? are used? 7. Sales for the year amount to P3,000,000, Accounts receivable is P360,000. What is the average collection period assuming…
- Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Llabiltles and Owners' Equlty Current assets Current liabilities $ 2,198 $ 2,690 $ 2,941 $ 2,857 Accounts payable 4,722 12,658 Cash Notes payable Other Accounts recelvable 5,691 13,692 1,795 2,206 116 Inventory 99 Total $20,321 $22,240 Total $ 4,092 $ 5,012 $ 14,200 $16,960 Long-term debt Owners' equity Common stock 42,500 and paid-in surplus $42,500 $ Accumulated retained 39,769 Flxed assets 15,699 earnings Net plant and 82,269 $56,170 $ 82,001 Total $ 58,199 $ equipment Total liabilitles and owners' 104,241 Total assets $76,491 $104,241 $ 76,491 $ equity SMOLIRA GOLF, INC. 2019 Income Statement Sales $189,170 Cost of goods sold Depreclation 127,103 5,243 $56,824 1,340 EBIT Interest pald Taxable Income $55,484 Тахes 19,419 Net Income $36,065 Dividends $ 11,995 24,070 Retalned earningsPlease choose correct letter of answer and provide a solution Determine the level of current liabilities of a firm with the following information: Sales/Cost of Good Sold = P5,000.00; Current Ratio = 1.4; Inventory Turnover Ratio = 5; and Acid Test Ratio = 1.0 a. P500.00b. P1,500.00c. P2,500.00d. P3,500.00e. P4,500.00An analysis of the liquidity and efficiency ratios for XYZ Trading shows the following results. Ratio Current ratio Acid-test ratio 2022 2021 2.5 2.0 0.7 0.9 Days' sales uncollected Days' sales in inventory 42 days 30 days 29 days 15 days Days' purchases in accounts payables 76 days 30 days Use the above financial ratios to evaluate the financial performance of XYZ Trading.
- Use Apple’s financial statements to calculate the following ratios and summary measures for fiscal 2020 and 2019 (round to the nearest tenth). Indicate whether the ratio was more favorable in 2020 or 2019. Apple’s stock price was $115 per share on Sept. 30, 2020, and $55 on Sept. 30, 2019. Fiscal 2020 Fiscal 2019 Is the Ratio more favorable in 2020 or 2019? DAYS RECEIVABLE 21.43 32.16 2020 DAYS INVENTORY 8.79 9.09 2019 RETURN ON ASSETS PROFIT MARGIN % GROSS MARGIN % RETURN ON EQUITY CURRENT RATIO 1.36 1.54 2019 QUICK RATIO EBITDA DEBT-TO-EQUITY RATIO n/a DIVIDEND PAYOUT RATIO n/a PE RATIO n/aYou have been hired as a financial analyst of a firm and your team is working on an independent assessment of XYZ Inc. Your assistant has provided you with the following data for XYZ Inc. and their industry. Ratio Inventory Turnover Receivables in days Debt to Equity 2020 2019 2018 2020- Industry Average R r 62.65 42.42 32.25 94 63 50 115 d 53.25 0.75 0.85 0.90 0.88 Quick Ratio Curr:ent Ratio 1.028 1.03 1.029 1.33 1.21 1.15 1.25 1.031 Required: a) In annual report of firm CEO wrote, we had higher liquidity largely due to an increase in highly liquid current assets (cash, account receivables and short- term marketable securities).” Is the CEO correct? b) What can you say about the firm's collection period and inventory turnover?Hello! look at the attached images and answer: (a) Calculate ratios for the year ended 31 December 2021 (showing your workings) for Primrose Plc, equivalent to those provided above. i. Return on year-end capital employed ii. Net asset turnover iii. Gross profit margin iv. Net profit margin v. Current ratio vi. Closing inventory holding period vii. Trade receivables’ collection period viii. Trade payables’ payment period ix. Dividend yield x. Dividend cover (b) Analyse the financial performance and position of Primrose Plc for the year ended 31 December 2021 compared to 31 December 2020. (c) Explain the uses and the general limitations of ratio analysis. Thanks a lot!