Reference no: EM131698554
Question: Profitability Ratios Bryce Company manufactures pet supplies. However, Bryce's electronic accounting system recently crashed and, unfortunately, only a partial recovery of the company's year-end accounting records (which included several profitability ratios) was possible. As a result, Bryce's controller, a bright young CPA named Jeanette, must compute various lost financial account balances using the recovered information listed below:
• Long-term liabilities: $1,500,000
• Ending inventory is the same as beginning inventory
• Gross margin: $3,000,000
• Net sales: $8,000,000
• Accounts receivable turnover: 50
• Ending accounts receivable is the same as beginning accounts receivable
• Total liabilities: $2,000,000
• Current ratio: 2.5
• Cash: $600,000
• Quick ratio: 2.0
• Inventory turnover in days: 3.65 OBJECTIVE
• 3 OBJECTIVE
• 3 OBJECTIVE
• 3 OBJECTIVE
• 5
Required: 1. Calculate current liabilities.
2. Calculate current assets.
3. Calculate average accounts receivable
4. Calculate marketable securities.
5. Calculate average inventory.
|
Discuss the united states in terms of terrorism
: Radical Islam is widely perceived to be the greatest international threat to the United States in terms of terrorism
|
|
Discuss a viable threat to stability of the united states
: Provide an opinion as to whether or not domestic terrorism is a viable threat to the stability of the United States
|
|
Examples of biochemical tests
: Give two examples of biochemical tests and identify why the tests are used.
|
|
Pursue a strategy of related diversification
: If your company opted to pursue a strategy of related diversification,
|
|
Calculate average accounts receivable
: Profitability Ratios Bryce Company manufactures pet supplies. However, Bryce's electronic accounting system recently crashed and, unfortunately.
|
|
Identify it threats with regard to protecting the asset
: For each of the following assets, assign an owner, explain their responsibilities, and identify IT threats with regard to protecting the asset.
|
|
Gram positive or gram negative bacteria
: 1. How did the colonies from the two treated conditions different (shape, color, quantity, etc)? 2. For the bacteria which survived the heating.
|
|
Discuss how have they affected legal definitions of death
: How have medical technologies affected our understanding of death. How have they affected legal definitions of death
|
|
Calculations-fuels-maintenance-repairs and tires-insurance
: The AAA includes the following costs in its calculations: fuels, maintenance, repairs and tires, insurance, license and registration fees,
|