Window Help Paraphrasing... Lab Assignment estion 8 of 20 Additional information for 2021: 1. 2. 3. 4. 5. (a) (b) (c) (d) Compute the following ratios at December 31, 2021: (Use 365 days for calcu 52.7.) (e) how can you... Current ratio Net income was $32,000. Sales on account were $457,000. Sales returns and allowances amount Cost of goods sold was $328,600. Net cash provided by operating activities was $56,000. Capital expenditures were $30,000, and cash dividends were $25,000. Accounts receivable turnover Average collection period Inventory turnover education.wiley.com Days in inventory W Login - myWA... Bb https :1 times days times days rent Attempt in Progress heridan Company has these comparative balance sheet data: Cash SHERIDANCOMPANY Balance Sheets December 31 Accounts receivable (net) Inventory Property, plant and equipment (net) Accounts payable Mortgage payable (15%, due in 15 years) Common stock, $10 par Retained earnings Additional information for 2021: 2021 $32,000 72,000 67,000 192,000 363,000 57,000 107,000 52,000 2020 363,000 $30,000 67,000 57,000 187,000 341,000 67,000 147,000 127,000 107,000 40,000 341,000 PIC COLLAGE
Window Help Paraphrasing... Lab Assignment estion 8 of 20 Additional information for 2021: 1. 2. 3. 4. 5. (a) (b) (c) (d) Compute the following ratios at December 31, 2021: (Use 365 days for calcu 52.7.) (e) how can you... Current ratio Net income was $32,000. Sales on account were $457,000. Sales returns and allowances amount Cost of goods sold was $328,600. Net cash provided by operating activities was $56,000. Capital expenditures were $30,000, and cash dividends were $25,000. Accounts receivable turnover Average collection period Inventory turnover education.wiley.com Days in inventory W Login - myWA... Bb https :1 times days times days rent Attempt in Progress heridan Company has these comparative balance sheet data: Cash SHERIDANCOMPANY Balance Sheets December 31 Accounts receivable (net) Inventory Property, plant and equipment (net) Accounts payable Mortgage payable (15%, due in 15 years) Common stock, $10 par Retained earnings Additional information for 2021: 2021 $32,000 72,000 67,000 192,000 363,000 57,000 107,000 52,000 2020 363,000 $30,000 67,000 57,000 187,000 341,000 67,000 147,000 127,000 107,000 40,000 341,000 PIC COLLAGE
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Window Help G Paraphrasing... aD ASSIgnment G how can you... lestion 8 of 20 rent Attempt in Progress Additional information for 2021: heridan Company has these comparative balance sheet data: Net income was $32, 000. Sales on account were $ 457,000. Sales returns and allowances amoun Cost of goods sold was $328, 600. Net cash provided by operating activities was $56, 000. Capital expenditures were $30, 000, and cash dividends were $25, 000. Compute the following ratios at December 31, 2021: (Use 365 days for calcu 52.7.) (a) Current ratio :1 (b) Accounts receivable turnover times (c) Average collection period days (d) Inventory turnover times (e) Days in inventory days SHERIDANCOMPANY Balance Sheets December 31 \table[[, 2021, 2020], [Cash, $32, 000, S30,000
Transcribed Image Text:Window Help
Paraphrasing...
Lab Assignment
estion 8 of 20
Additional information for 2021:
1.
2.
3.
4.
5.
(a)
(b)
(c)
(d)
Compute the following ratios at December 31, 2021: (Use 365 days for calcu
52.7.)
(e)
how can you...
Current ratio
Net income was $32,000.
Sales on account were $457,000. Sales returns and allowances amount
Cost of goods sold was $328,600.
Net cash provided by operating activities was $56,000.
Capital expenditures were $30,000, and cash dividends were $25,000.
Accounts receivable turnover
Average collection period
Inventory turnover
education.wiley.com
Days in inventory
W Login - myWA...
Bb https
:1
times
days
times
days
rent Attempt in Progress
heridan Company has these comparative balance sheet data:
Cash
SHERIDANCOMPANY
Balance Sheets
December 31
Accounts receivable (net)
Inventory
Property, plant and equipment (net)
Accounts payable
Mortgage payable (15%, due in 15 years)
Common stock, $10 par
Retained earnings
Additional information for 2021:
2021
$32,000
72,000
67,000
192,000
363,000
57,000
107,000
52,000
2020
363,000
$30,000
67,000
57,000
187,000
341,000
67,000
147,000 127,000
107,000
40,000
341,000
PIC COLLAGE
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