Below is selected financial information for Swingline Inc. 2020 2019 2018 2017 Ending Inventory Cost of Goods Sold 5,626 72,398 4,850 5,723 6,014 68,950 65,503 71,708 Required a) Calculate the following ratios for 2020, 2019 and 2018, rounding to nearest day and two decimal places for turnover ratios. 2020 2019 2018 Days' Sales in Inventory Inventory Turnover b) Are the ratios improving or weakening? What does that trend mean?
Below is selected financial information for Swingline Inc. 2020 2019 2018 2017 Ending Inventory Cost of Goods Sold 5,626 72,398 4,850 5,723 6,014 68,950 65,503 71,708 Required a) Calculate the following ratios for 2020, 2019 and 2018, rounding to nearest day and two decimal places for turnover ratios. 2020 2019 2018 Days' Sales in Inventory Inventory Turnover b) Are the ratios improving or weakening? What does that trend mean?
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 46E
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These are 2 different questions. Please help me with both of them and give me full solutions. There is a reason why I made a account on Bartleby so don't just give me the answers Sometimes Accounting is hard.
Transcribed Image Text:AP-9A LO 4
Below is selected financial information for Swingline Inc.
2020
2019
2018
2017
Ending Inventory
Cost of Goods Sold
4,850
5,626
5,723
6,014
68,950
72,398
65,503
71,708
Required
a) Calculate the following ratios for 2020, 2019 and 2018, rounding to nearest day and two decimal places for turnover
ratios.
2020
2019
2018
Days' Sales in Inventory
Inventory Turnover
b) Are the ratios improving or weakening? What does that trend mean?
Transcribed Image Text:AP-21B LO 7
Perform a vertical analysis (use sales as the base) for Barcelona Inc. Comment on the results. Note that figures are
in millions of dollars.
Barcelona Inc.
Income Statement (In millions)
For the Year Ended December 31
2020
2019
Sales
$210
$250
Cost of Goods Sold
150
200
Gross Profit
60
50
Operating Expenses
Selling Expenses
4
Salaries Expense
2
2
Rent Expense
5
Total Expenses
12
11
Income before Tax
48
39
Taxes (35%)
13.65
$25.35
16.8
Net Income
$31.2
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