Please help! calculate the inventory turnover and days sales In inventory for Best Buy using the information in the picture $2.04CU.COM-Buy-FY23-Annual-Report.pdfOConsolidated Balance Sheets$ in millions, except per share amountsAssetsCurrent assetsCash and cash equivalentsReceivables, netMerchandise inventoriesOther current assetsTotal current assetsProperty and equipmentLand and buildingsLeasehold improvementsFixtures and equipmentProperty under finance leasesGross property and equipmentLess accumulated depreciationNet property and equipmentOperating lease assetsGoodwillOther assetsTotal assetsLiabilities and equityCurrent liabilitiesREUNIAccounts payableUnredeemed gift card liabilitiesCurrent portion of operating lease liabilitiesCurrent portion of long-term debtTotal current liabilitiesDeferred revenueAccrued compensation and related expensesAccrued liabilitiesLong-term operating lease liabilitiesLong-term liabilitiesLong-term debtContingencies and commitments (Note 13)45 / 76ЕсNESESENTESEquityBest Buy Co., Inc. Shareholders' EquityPreferred stock, $1.00 par value: Authorized - 400,000 shares; Issued and outstanding - noneCommon stock, $0.10 par value: Authorized - 1.0 billion shares, Issued and outstanding -218.1 million and 227.4 million shares, respectivelyAdditional paid-in capitalRetained earningsAccumulated other comprehensive incomeTotal equityTotal liabilities and equitySee Notes to Consolidated Financial Statements.MA100% + |PDOCW$January 28, 20231,8741,1415,1406478,8026882,2603,9281006,9764.6242,3522,7461.38352015,8035.6872741,116405843638168,9792,1647051.160222,4303222,79515,803$January 29, 20222,9361,0425,96559610,5396712,1605,419918,3416,0912,2502,6541,38467717.5046,8033161.1038459466481310,6742,0615331,216232,6683293,02017,504s2.q4cdn.com//oest-Buy-FY23-Annual-Report.pdfConsolidated Statements of Earnings$ and shares in millions, except per share amountsFiscal Years EndedRevenueCost of salesGross profitSelling, general and administrative expensesRestructuring chargesOperating incomeOther Income (expense):46 / 76Equity in income of affiliatesNet earningsInvestment income and otherInterest expenseEarnings before income tax expense and equity in income of affiliatesIncome tax expenseBasic earnings per shareDiluted earnings per shareWeighted-average common shares outstanding:BasicDilutedSee Notes to Consolidated Financial Statements.OECMAT4wDOC100%39W$$+ BJanuary 28, 202346.29836,3869,9127,9701471.79528(35)1.7883701.4196.316.29224.8225.7$$$January 29, 202251.76140,12111,6408,6353,03910(25)3,0245742,4549.949.84246.8249.3$$AJanuary 30, 202147,26236,68910,5737,9282542,39138(52)2,3775791,7986.936.84259.6263.0

Financial ratios are quantitative indicators that are used to assess the status, health, and…

Answered: Consolidated Balance Sheets RES 2 32…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Financed by: Paid-up: Share Capital Retained Earnings Reserves Long Term Liabilities Current Other payables Trade creditors Liabilities Accrued expense Barakah Company Balance Sheet as at 31st December 2019 100,000 245,500 30,000 Additional Information: i) ii) 600,000 155,500 75,000 830,500 25,000 375,500 1,231,000 Fixed Assets (net after depreciation) $ Land & Buildings Equipment Vehicles Fixtures & Fittings Current Assets Inventory Accounts Receivable Prepayments Cash at Bank Cash in Hand Work-in-Progress is one-sixth of the total Inventory. Prepayments are related to the rental of buildings. Bad debt is 5% for the year. Non-Muslim ownership is at 20%. 350,500 200,500 150,000 50,000 751,000 Required: Determine the zakat base and due for the company using: (a) Net Current Assets method; and (b) Net Invested Fund Method. 125,000 215,000 10,000 110,000 20,000 1,231,000
Accumulated amortization Retained earnings Cash Bonds payable Accounts receivable Plant and equipment-original cost Accounts payable Allowance for bad debts Common stock, 100,000 shares outstanding Inventory Preferred stock, 1,000 shares outstanding Marketable securities Investments Notes payable Current Assets: (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total current assets Other Assets: (Click to select) Capital assets: (Click to select) (Click to select) Net plant and equipment Total assets + + + ◆ + + Assets $ $215,000 203,400 12,000 136,000 50,000 680,000 39,000 4,600 166,000 00 70,000 55,000 20,000 20,000 33,000 Balance Sheet $ 000000 (Click to select) (Click to select) Liabilities and Shareholders' Equity Current Liabilities: + Total current liabilities Long-term liabilities (Click to select) WELCOM Total liabilities (Click to select) (Click to select) (Click to select) # Shareholders' Equity: # + Total shareholders' equity Total…
Fiscal Year Ended Make-ThemCorporation Consolidated Balance Sheet (in thousands except share data) Dec. 31, 2008 ASSETS Current assets: Cash and cash equivalents Accounts receivable, net Inventories Prepaid expenses and other current assets Deferred income taxes, net Total current assets Property, plant and equipment, net Other assets TOTAL ASSETS Current liabilities: Accounts payable Accrued compensation and related costs Accrued taxes Current portion of long-term debt Long-term debt $ LIABILITIES AND SHAREHOLDERS' EQUITY Total current liabilities Total liabilities Shareholders' equity: Common stock ($0.1 par value)-authorized, 4,000,000 shares; issued and outstanding, 3,500,000. Paid-in capital in excess of par Retained earnings Total shareholders' equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ Assume the following information for both years: Net Profit Margin (NPM) was 4%. Interest rate on Long-term Debt 10% $ 369 58 489 107 43 1,066 5,137 1,168 7,371 429 104 132 89 754 2,630…
The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2012. INCOME STATEMENT OF MCDONALD'S CORP., 2012 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Taxes Net income 27,570 17,572 1,405 8,593 520 8,073 2,620 5,453
classify the given items as (operating / investing / financing), share the correct classification with logical reasoning Loss on sale of asset 95780 dividend income 26000 interest income 35000 finance cost paid on debentures 12000 gain on sale of investment 45000 Depreciation on fixed assets 85000 Amortisation Expenses 110000
The most recent financial statements for Crosby, Incorporated, appear below. Sales for 2022 are projected to grow by 20 percent. Interest expense will remain constant, the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Sales Costs Other expenses Earnings before interest and taxes Interest expense Taxable income Taxes (24%) CROSBY, INCORPORATED 2021 Income Statement Net income Dividends Addition to retained earnings Current assets Cash Accounts receivable Inventory $31,335 69,745 $ 20,640 43,580 91,960 $747,000 582,000 18,000 FA $147,000 14,000 $ 133,000 31,920 $ 101,080 CROSBY, INCORPORATED Balance Sheet as of December 31, 2021 Assets Seved Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total $ 54,800 14,000 $ 68,800 MA000
ABC Co its selected financial statements items are given as following. Gross profit equals to 100.000 TL, EBIT equals to 50.000 TL, Net Income equals to 20.000 TL, total depreciation & amortization expenses equals to 10.000 TL. Property, Plant and Equipment 80.000 TL, Cash and Cash Equivalent 10.000 TL, Intangible Assets 30.000 TL, Account Receivable 30.000 Inventory 20.000 TL, Account Payable 20.000 TL, Calculate the ROIC 4- (Return on Invested Capital) ratio of the company. a) O 33,33% 138 b) O 40,00% c) O 35,71% d) O 42,86%
Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total Total assets Net sales (all credit) Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) 2821 $ 75 115 200 $390 ROA ROE $580 110 $470 50 $520 $910 Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: 96 96 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 2020 $ 65 110 198 $365 DuPont Analysis times times $471 100 $371 LAK OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020…
Noncurrent Asset Held for Sale The statement of financial position of an entity on December 31, 20x1 shows the following information: Cash and cash equivalents 600,000 Trade and other receivables 1,200,000 Inventories 3,600,000 Investment property (Cost model) 1,400,000 Investment in associate 800,000 Property, plant and equipment 5,000,000 Total assets 12,600,000 Trade and other payables 4,900,000 Current tax payable 1,800,000 Deferred tax liability 700,000 Ordinary share capital 2,000,000 Retained earnings 2,700,000 Other components of equity 500,000 Total liabilities & equity 12,600,000 On December 31, 20x1, the entity commits to a plan to sell the investment property. All conditions of PFRS 5 are met. The fair value of the investment property on this date is P1,600,000 while the estimate of costs to sell is P50,000. Requirement: Prepare the classified statement of financial position of the entity as at December 31, 20x1.
Noncurrent Asset Held for Sale The statement of financial position of an entity on December 31, 20x1 shows the following information: Cash and cash equivalents 600,000 Trade and other receivables 1,200,000 Inventories 3,600,000 Investment property (Cost model) 1,400,000 Investment in associate 800,000 Property, plant and equipment 5,000,000 Total assets 12,600,000 Trade and other payables 4,900,000 Current tax payable 1,800,000 Deferred tax liability 700,000 Ordinary share capital 2,000,000 Retained earnings 2,700,000 Other components of equity 500,000 Total liabilities & equity 12,600,000 On December 31, 20x1, the entity commits to a plan to sell the investment property. All conditions of PFRS 5 are met. The fair value of the investment property on this date is P1,600,000 while the estimate of costs to sell is P50,000. Explain why is it considered as a noncurrent asset held for sale. And what should be the journal entry
Pot Inc. acquired all Seed Inc.'s outstanding $27 par common stock on December 31, 20X3, in exchange for 41,000 shares of its $27 par common stock. Pot's common stock closed at $58.50 per share on a national stock exchange on December 31, 20X3. Both corporations continued to operate as separate businesses maintaining separate accounting records with years ending December 31. On December 31, 20X4, after year-end adjustments and the closing of nominal accounts, the companies had condensed balance sheet accounts. Assets Cash Accounts & Other Receivables Inventories Land Depreciable Assets (net) Investment in Seed Inc. Long-Term Investments & Other Assets Total Assets Liabilities and Stockholders' Equity Accounts Payable and Other Current Liabilities. Long-Term Debt Common Stock, $27 Par Value Additional Paid-In Capital Retained Earnings Total liahilities and Stockholders' Fruity Additional Information Common Stock Additional Paid-In Capital Retained Earnings Pot Inc. $830,000 $331,000…
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…

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Consolidated Balance Sheets RES 2 32 2888.C Consolidated Statements of Earnings S and shares in millions, except per share amounts Fiscal Years Ended WWW.K M 3845