Business, 29.01.2020 03:48 living8539

Analysis of a company's financial statements: below are simplified versions of the balance sheet and income statement for toys by tom, inc. use this information to answer the following question.

income statement

sales $100,000
cogs $41,700
variable sales and admin $10,000
fixed sales and admin $5,000
net income $43,300
balance sheet

assets
cash $10,000
acconts receivable $5,000
inventory $10,000
liabilities
accounts payable $5,000
notes payable $5,000
shareholder's equity
common stock $5,000
retained earnings $10,000
a 15% increase in inventory turns for toys by tom, inc. would bring this ratio to suggesting in

109 days; a deterioration; profitability

3.9 days; a deterioration; profitability

4.8 times; an improvement; efficiency

3.9 times; an improvement; efficiency

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 04:30

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )

Answers: 3

Answer

Business, 22.06.2019 06:00

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.

Answers: 3

Answer

Business, 22.06.2019 10:10

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?

Answers: 2

Answer

Business, 22.06.2019 19:50

Which of the following would create the most money? the initial deposit is $6,500 and the required reserve ratio is 20 percent. the initial deposit is $3,000 and the required reserve ratio is 10 percent. the initial deposit is $7,500 and the required reserve ratio is 25 percent. the initial deposit is $4,500 and the required reserve ratio is 15 percent.

Answers: 1

Answer

You know the right answer?

Analysis of a company's financial statements: below are simplified versions of the balance sheet an...

Questions