Accountants at UltraTech obtain their values for inventory and total assets, calculate the balance sheet percentage by dividing inventory by total assets for each year and summarize the observations for the relative size of inventory to total assets for each year and percentage change from year-to-year. This would allow them to effectively assess: a. Inventory control compared to competitors b. If there is an effective return on assets c. If inventory is being properly managed d. How they are managing liabilities

Q: The current ratio measures a. The ability of a company to quickly collect cash from customers. b.…

A: Current ratio = Current assets / Current liabilities

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A: Inventory Turnover: = COGS / (Average inventory) Where; COGS = Cost of goods sold Average inventory:…

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A:

Q: ames Madison was brought in as assistant to Computron’s chairman, who had the task of getting the…

A: Average inventory=2019 inventory+2020 inventory2=$1,546,252+$1,779,5722=$1,662,912

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A: The answers are provided as follows:

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Q: Compared to using the FIFO method to account for inventory, during periods of risingprices, a…

A: USING OF LIFO METHOD

Q: Although merchandising transactions affect the balance sheet in reporting inventory, they primarily…

A: Solution: Merchandising transactions involves purchase and sales of goods. these transactions…

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A: Gross Profit Rate=Gross ProfitSales×100

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Q: Inventory Turnover Days’ sales in inventory NWC Turnover Total Asset Turnover

A: Information Provided: COGS = 1400 Sales = 2800 Total assets (2020) = 4600 Total assets (2019) = 3870…

Q: PART 1: Identify the assertions for each of the following substantive procedures: (a) Review the…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: The following data are from the income statements of Haskin Company.    Year  2017 2016 Sales…

A:

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A: The ratio analysis helps to analyse the financial statements of the business.

Q: Assuming that the price the company pays for inventory is increasing, which method will:

A: The appropriate answer is shown below

Q: Assuming that all net sales figures are at retail and all cost of goods sold figures are at cost,…

A: The question is based on the concept of Cost Accounting.

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A: Inventory is the goods lying in the stock of the entity which is either purchased or produced, ready…

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A: Time series analysis of financial numbers mean determining the trend associated with the financial…

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A:

Q: What do you think will happen to the financial performance of the company if at the end of the…

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A: Operating expenses = Selling expenses + Administrative expenses

Q: a. Based on Table 1, compute the company's supply chain performance in terms of inventory turnover…

A: The answer is stated below:

Q: Discuss how, in choosing the accounting methods below, the following ratios can be affected – rate…

A: Answer: •The return on assets shows the percentage of how profitable a company's assets are in…

Q: The inventory turnover ratio a. measures management’s ability to productively employ all of…

A: No, option “d” is not the correct answer.

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Q: What is Return on Assets? How do you calculate Inventory Turnover and The Number of Days' Sales in…

A: P

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A: Inventory is the merchandise or products that are held either in the form of raw materials used in…

Q: Assuming that all net sales figures are at retail and all cost of goods sold figures are at cost,…

A: Average inventory = (beginning inventory+ending inventory)/2 Inventory turnover = net sales/Average…

Q: Which of the following is used to analyze the efficiency and effectiveness of inventory management?…

A: Formulas:  Inventory turnover ratio = Cost of goods sold / Average inventory Days' sales in…

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A:

Q: How should accounting be able to catch up with the high sales return rates, particularly on…

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Q: calculate the average inventory (in $) and inventory turnover for the following. If the actual…

A: Cost of Goods Sold: It is the cost of producing the goods which are sold by the business.  Average…

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A: Inventory: Inventory can be defined as the current assets of the company that includes the raw…

Q: If the ending inventory of a firm is overstated by $56,000, by how much and in what direction…

A: The answer is as fallows

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