Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem - Computation and Evaluation of Activity Ratios
The following data relates to Alaska Products Inc.:
20X5
20X4
Net Credit Sales
$862,000
$760,000
Cost of Goods Sold
470,000
350,000
Cash, Dec. 31
125,000
110,000
Accounts Receivable, Dec. 31
180,000
140,000
Inventory, Dec. 31
70,000
50,000
Accounts Payable, Dec. 31
115,000
108,000
The company is planning to borrow $300,000 via a 90-day bank loan to cover short-term operating needs.
Required -
a. Compute the accounts-receivable and inventory-turnover ratios for 20X5. Alaska rounds all calculations to two decimal places.
b. Study the ratios from part (a) and comment on the company's ability to repay a bank loan in 90 days.
c. Suppose that Alaska's major line of business involves the processing and distribution of fresh and frozen fish throughout the United States. Do you have any concerns about the company's inventory-turnover ratio? Briefly discuss.
How do each of these other investments compare with investing in the corporate bond fund? What bond funds would you recommend to us for long term investing
How and when to claim expenses for environmental cleanup and asbestos removal
What are the functional currencies of Fords subsidiaries
Deirde's business purchased two assets during the current year. Calculate the maximum depreciation expense, rounded to a whole number
TAX FOR CERTAIN CHILDREN WHO HAVE UNEARNED INCOME
Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. Round your answer to the nearest cent
Are emotional appeals ethical? Why or why not? How does a social media release differ from a traditional press release?
On December 31, 2015, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $50,000 and $1,350, respectively. During 2016, Coolwear wrote off $625 in accounts receivable and determined that there should be an a..
Worthless Securities, Y purchased 30 shares of BCD corporation common stock on March 2, 2010 for $2475. On February 26,2011, Y was notified by her broker that the stock was worthless.
electro company manufactures an innovative automobile transmission for electric cars. management predicts that ending
A stock analyst assumes that a stock will not pay its first dividend until 12 years from today. What value of the required return does the analyst assume?
A ________ is a set of procedures and sources managers use to obtain everyday information about developments in the marketing environment.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd