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!
Question: The Red Soda Company (Red Soda) and The Blue Soda Company (Blue Soda) provide refreshments to every corner of the world. Selected data from the 20X6 consolidated financial statements for Red Soda and Blue Soda are presented here (in millions).
Red Soda
Blue Soda
Total current assets
$12,551
$12,571
Total current liabilities
13,721
8,756
Net Sales
30,990
43,332
Cost of Goods Sold
11,088
20,099
Net income
6,824
5,946
Average (net) accounts receivable for the year
3,424
4,654
Average inventories for the year
2,271
2,570
Average total assets
44,595
37,921
Average common stockholders' equity
22,636
14,556
Average current liabilities
13,335
8,772
Average total liabilities
21,960
23,466
Total assets
48,671
39,848
Total liabilities
23,872
23,044
Income taxes
2,040
2,100
Interest expense
355
397
Net cash provided by operating activities
8,186
6,796
Capital expenditures
1,993
2,128
Cash dividends
3,800
2,732
Instructions: Compute the following liquidity ratios for 20X6 for Red Soda and Blue Soda, comment on the relative liquidity of two competitors.
1. Current ratio
2. Accounts receivable turnover
3. Average collection period
4. Inventory turnover
5. Days in inventory
6. Current cash debt coverage
Give the entries required on December 31 to record payroll. Give (a) the journal entry for the collection of rent on December 10 and (b) the adjusting journal entry on December 31. Show how any liabilities related to these items should be reported on..
Name two customer-related attribute variables that a newly opened department store might find informative to study.
calculate the amount of depreciation to report during the year ended december 31 2013 for equipment that was purchased
Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or non cash investing and financing activities.
What is the relationship between tax base and tax rate in determining the revenue collected by the government? Give an example of how a particular tax would fit into the various components of the equation.
The City of Macroville hires you as a consultant to help establish a procedure to simplify its property tax collection processing and to make the process more.
Dennis corp has a sales price = $34/unit. The VC percentage = 60%. The current after-tax net income = $159,936. What is the margin of safety in units
To meet projected annual sales, Bluegill Manufacturers, Inc. needs to produce 75,000 machines for the year. The estimated January 1 inventory is 7,000 units, and the desired December 31 inventory is 12,000 units. What are projected sales units for..
The budgeted unit sales of Haerve Company for the upcoming fiscal year are provided below: Prepare the company's selling and administrative expense budget for the upcoming fiscal year.
suppose a company has five different capital budgeting projects from which to choose but has constrained funds and
Explain what is meant by the test data approach. What are the major difficulties with using this approach? Define parallel simulation with audit software and provide an example of how it can be used to test a client's payroll system.
the following is the statement of financial position of tt ltd. at the end of the first year of tradingstatement of
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