Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. xyz provided the following financial information:

XYZ provided the following financial information: XYZ Balance Sheet As of...

50.1K

Verified Solution

Question

Finance

XYZ provided the following financial information:

XYZ Balance Sheet As of 12/31/19
Assets: Liabilities and Equity:
Cash and marketable securities $ 27,874 Accounts payable and accruals $ 153,543
Accounts receivable $ 142,609 Short-term notes payable $ 23,290
Inventory $ 214,727 Total current liabilities $ 176,833
Total current assets $ 385,210 Long term debt $ 155,510
Net plant and equipment $ 602,490 Total liabilities $ 332,343
Goodwill and other assets $ 42,422 Common stock $ 312,366
Retained earnings $ 385,413
Total assets $ 1,030,122 Total liabilities and equity $ 1,030,122

In addition, it was reported that the firm had a net income of: $ 156,681
and net sales of: $ 4,319,088

Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.):

Current Ratio times
Quick Ratio times
Average Collection Period days
Total Asset Turnover times
Fixed Asset Turnover times

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's...

Physics
1.2K views

If we study the vibration of a pipe open at both ends then the following...

Geometry
1.2K views

How many arc degrees are in the minor arc b 65 to O 32 5...

Basic Math
1.2K views

Multiply 810 by 086 using the lattice algorithm identity the correct multiplication lattice Choose the...

Basic Math
1.2K views

Find the cash value of the lottery jackpot given below Yearly jackpot payments begin immediately...

Basic Math
1.2K views

Find the Z-scores that separate the middle 75% of the distribution from the area in...

Calculus
1.2K views

Use the graph to determine the values of a for which lim f x does...

Calculus
1.2K views

f x 96

Algebra
1.2K views

There are 270 people at a meeting. They each give a Valentine's Day card to...

Algebra
1.2K views

Use Newton s Method to approximate the x value of the indicated point of intersection...

Algebra
1.2K views

5 1 point X John starts out with 10 in his savings account and his...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] On January 1, 2024,...