Ronald Company has current assets of $115,000 and current liabilities of $75,000 of which accounts payable are $65,000. Arnold's cost of goods sold is $420,000, its merchandise inventory increased by $20,000, and accounts payable were $45,000 the prior year.            Calculate:           (a) Ronald's working capital,           (b) payables turnover, and           (c) days' payable.

Q: Barts Industries, Inc., has total assets as follows: $50,000 in cash, $15,000 in short-term…

A: Solution..     Cash = $50,000  Short term investment = $15,000  Net receivable = $120,000  Inventory…

Q: During the current year, Sokowski Manufacturing earned income of $360,000 from total sales of…

A: Sales margin formula = Income earned/Total sales = $360,000 /$6,000,000

Q: Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of…

A: The cash flow that is generated by a company from its primary business operation is term as the…

Q: sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which…

A: A financial ratio, also known as an accounting ratio, is the magnitude of two numerical values…

Q: Last year the Your Company had sales of $826,650, net operating income of $81,000, and operating…

A: Turnover = Sales / (Average Operating Assets)

Q: GSW Corp. purchases its inventory from suppliers on account. During the year, its Inventory account…

A: Cash Flow from Operating Activities is part of cash flow statements. It includes Cash flow from…

Q: XYZ Company had cash of $200,000, Accounts payable of $150,000, Plant & Equipment of $350,000,…

A: Current assets = Cash + Account receivable + Inventory + Other assets            = 200,000 + 150,000…

Q: For the year ended December 31, Southern Supply had net sales of $3,875,000, costs and other…

A: Since multiple questions are posted, as per guidelines only the first question is answered…

Q: Easy Company provided the following statement of financial position at year-end and income statement…

A: IFRS 8- "Operating Segment," tells about all are the requirements for the disclosure of operating…

Q: During the current year, Sokowski Manufacturing earned income of $786,500 from total sales of…

A: Please find the answer to the above question below:

Q: During the current year, Sokowski Manufacturing earned income of $422,100 from total sales of…

A: Sales margin is the amount that is generated by the sale of product or services. It is calculated by…

Q: Kreeger's annual financial statements show net operating profit after tax of $2,291 million, net…

A: Net Operating Profit = 2291 Million Net Income = 1979 million Sales = 115,568 million Average Net…

Q: Easy Company provided the following statement of financial position at year-end and income statement…

A: Operating segments refer to component of the firm. These segments have discrete revenues and…

Q: If the total asset turnover of ABC company is 1.2 times and the sales of the same company is 600…

A: Total asset turnover = 1.2 times Sales = 600 million

Q: McShane Corporation has sales of $300,000, a gross profit margin of 35%, operating expenses of…

A: The time interest earned ratio is the ratio that provides the ability of the company to pay of its…

Q: Jones Company had net income of $10,000 for the year. Beginning total assets were $150,000 and…

A: Lets understand the basics. Return on asset is a ratio which indicates that how much profitability…

Q: Determine the Net Profit Margin, Assets Turnover Ratio, ROA, ROE and Return on Invested Capital…

A: Net Profit Margin: This ratio tells how much profit is produced as a percentage of sales.   Asset…

Q: A Company recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and…

A: Given: Sales $15,500 Operating Costs $8,250 Depreciation $1,750.  It had $9,000 of bonds outstanding…

Q: This year, Southern Coat Company had sales of £730,000. Cost of goods sold, administrative and…

A: Sales = 730,000 Cost of Goods Sold = 580,000 Admin and selling expenses = 105,000 Depreciation…

Q: Easy Company provided the following statement of financial position at year-end and income statement…

A: Operating segments refer to component of the firm. These segments have discrete revenues and…

Q: During the current year, Sokowski Manufacturing earned income of $327,600 from total sales of…

A: Sales margin means profit earned from the revenue generated from the sale of the goods or services.…

Q: otal assets 80,000 Current liabilitie

A: Summary Introduction: Operating segments refer to components of the firm. These segments have…

Q: The balance sheet of Hidden Valley Farms reports total assets of $450,000 and $550,000 at the…

A: Return on assets =Net earnings / Average total assets Where, Average total assets = (total assets,…

Q: LMM Company’s total assets at the end of last year were P405,000 and its earnings before interest…

A: Total assets = P405,000 EBIT = P52,500

Q: At the end of last year, River Side Company achieved $9 million in revenues (EBITDA). Depreciation…

A: Net income:  It is often defined as the total earnings earned by a business during an accounting…

Q: Lions Corp's sales last year were $27,000, and its total assets were $16,000.  What was its total…

A: Total Asset Turnover Ratio = Total Sales/ Average Assets

Q: Garamond Corporation reported the following income statement and balance sheet for the previous…

A: The Return On Equity (ROE) ratio is a metric that quantifies how much a company's common stock…

Q: Find the operating cash flow for the year for Harper​ Brothers, Inc. if it had sales revenue of…

A: The formula to compute operating cash flow as follows:

Q: The ABC Company has net sales of $700,000, a gross profit margin of 40%, operating expenses…

A: The remaining amount of the revenue after the deductions of the expenses and the tax amount is term…

Q: A company's assets consist of $123,456 of cash, $237,543 of accounts receivable, $348,876 of…

A: Profit Margin Can be calculated using the formula given below Profit Margin = ((Sales- Cost of good…

Q: ance its operations, has no current liabilities, and recognizes depreciation periodically.…

A: An income statement is a financial statement that reveals how lucrative a company was during a…

Q: Peyton’s Palace has net income of $15 million on sales revenue of $130 million. Total assets were…

A: Ratio analysis: It can be defined as the quantitative analysis performed by the company by using its…

Q: This year, Southern Coat Company had sales of £730,000. Cost of goods sold, administrative and…

A: Step 1: Net Income:         Statement of Comprehensive Income Sales 730,000.00   (-)…

Q: Novack Company has current assets of $100,000, total assets of $300,000, current liabilities of…

A: We have the following information: Current assets: $100,000 Total Assets: $300,000 Current…

Q: During the current year, Sokowski Manufacturing earned income of $346,500 from total sales of…

A: Please find the answer to the above question below:

Q: At the end of the year, Wrinkle Free Laundry (WFL) had $150,000 in total assets. (a)If WFL’s total…

A: Given: Total assets = $150,000 Total asset turnover ratio = 2 Return on asset = 6%

Q: The following year-end data pertain to Adan Corporation: Earnings before interest and taxes 800,000…

A: EBIT = 800,000 Current asset = 800,000 Non current asset = 3200,000 Current liability = 400,000…

Q: River Corp's total assets at the end of last year were $405,000 and its net income was $32,750. What…

A: The return on total assets is calculated as ratio of net income and total assets

Q: Rose inc. had sales of $7 million during the past year. The cost of goods sold amounted to $4…

A: Cost of goods sold exhibits direct cost incurred by company for producing goods and services.

Q: During the current year, Sokowski Manufacturing earned income of $396,900 from total sales of…

A: Formula: Sales margin = Earned income / Total sales.

Q: Campbell Co. has net sales revenue of $1,000,000, cost of goods sold of $680,000, and all other…

A: Fixed asset turnover ratio: Fixed asset turnover is the ratio of sales to the value of fixed assets.…

Q: A firm’s annual revenues are $850,000. Its expenses for the year are $615,000, and it claims…

A: Tax:- It is the amount which one pays to the government of the country as per prescribed rates or…

Q: At the end of its third year of operations, the Sandifer Manufacturing Co. has 4,576,000 in…

A: Profit means the amount left after deducting all cost , expenses and taxes from revenue.

Q: 1. During the current year, Swarouskii Manufacturing earned income of P350,000 from total sales of…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…