The financial statements of Neale Corporation include the following information:                                                                     Current Year      Prior Year  Balance sheet: Cash                                                        $  24,000            $   25,300 Short-term investments                                  36,000                 29,600 Accounts receivable, net                               76,200                83,250 Inventory                                                     90,000                 81,950 Prepaid expenses                                          19,800                   9,900 Total current assets                                      246,000                 230,000 Total current liabilities                                 140,000                 115,560   Income statement:      Net credit sales                                      $   645,000            Cost of goods sold                                      467,000…

Ratio AnalysisPresented below are summary financial data from Porter’s annual report:  Amounts in millions Balance Sheet   Cash and Cash Equivalents $1,850 Marketable Securities 19,100 Accounts Receivable (net) 9,367 Total Current Assets 39,088 Total Assets 123,078 Current Liabilities 38,450 Long-Term Debt 7,279 Shareholders’ Equity 68,278 Income Statement   Interest Expense 400 Net Income Before Taxes 14,007 Calculate the following ratios:(Round to 2 decimal points) a. Times-interest-earned ratio Answer b. Quick ratio Answer c. Current ratio Answer

BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Debt ratio: 50% Current ratio: 1.8x Total assets turnover: 1.5x Days sales outstanding: 36.5 days Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 25% Inventory turnover ratio: 5x "Calculation is based on a 365-day year. Cash Accounts receivable Inventories Fixed assets Total assets Sales Balance Sheet $300,000 Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold 60,000 97,500

Selected information from the comparative financial statements of AppleVerse Company for the year ended December 31 appears below: 2018 2017 Php Php Accounts receivable (net) 175,000 200,000 Inventory 130,000 150,000 Total assets 1,100,000 800,000 Current liabilities 140,000 110,000 Long-term debt 410,000 300,000 Net credit sales 800,000 700,000 Cost of goods sold 600,000 530.000 Interest expense 40.000 25,000 Income tax expense 60.000 29,000 Net income 150.000 85,000 Net cash provided by operating 220,000 135,000 activities Compute for the Receivables Turnover for 2018. O 2.13 O 4.27 O 5.95 O 3.23

Footfall Manufacturing Ltd. reports the following financial information at the end of the current year Net Sales $100,000 Debtor's turnover ratio (based on net sales) 2 Inventory turnover ratio 1.25 Fixed assets turnover ratio 0.8 Debt to assets ratio 0.6 Net profit margin Gross profit margin 5% 25% Return on investment 2% Use the given information to fill out the templates for income statement and balance sheet given below. Income Statement of FdfalOfanufacturing Ltd. for the year ending December 31, 20XX (in S) Sales 100,000 Cost of goods sold Gross profit Other expenses Earnings before tax Таx @ 50% Earnings after tax

Footfall Manufacturing Ltd. reports the following financial information at the end of the current year: Net sales $100.000 Debtors’ turnover ratio (based on sales) 2 Inventory turnover ratio 1.25 Fixed assets turnover ratio 0.8 Debt to assets ratio 0.6 Net profit margin 5% Gross profit margin 25% Return on investment 2% Use the given information to fill out the templates for the income statement and balance sheet given below: Income Statement of Footfall Manufacturing Ltd. for the year ending December 31, 20XX (in $) Sales 100,000 Cost of goods sold   Gross profit   Other expenses   Earnings before tax   Tax @ 50%   Earnings after tax     Balance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX (in $) Liabilities Amount Assets Amount Equity   Net fixed assets   Long term debt 50,000 Inventory   Short term debt   Debtors       Cash…

Footfall Manufacturing Ltd. reports the following financial information at the end of the current year: Net Sales $100,000 Debtor’s turnover ratio (based on net sales) 2 Inventory turnover ratio 1.25 Fixed assets turnover ratio 0.8 Debt to assets ratio 0.6 Net profit margin 5% Gross profit margin 25% Return on investment 2% Use the given information to fill out the templates for income statement and balance sheet given below: Income Statement of Footfall Manufacturinf Ltd. for the year ending December 31, 20XX (in $) Sales 100,000 Cost of goods sold Gross profit Other expenses Earnings before tax Tax @50% Earnings after tax Balance Sheet of Footfall Manufacturing Ltd. as at December 31, 20XX (in $) Liabilities                                                Assets Equity                                               Net fixed assetsLong term debt 50,000                          InventoryShort term debt                                     Debtors…

Vertical Analysis of Income Statement Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows:                                                                Current Year        Previous YearSales                                                         $4,000,000           $3,600,000Cost of merchandise sold                          2,280,000             1,872,000Selling expenses                                         600,000                648,000Administrative expenses                             520,000                360,000Income tax expense                                    240,000                216,000a. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers.

Shown below are selected financial data for Company a and Company B at the end of the current  Company A Net credit sales  675,000 Cost of goods sold  504,000 Cash     53,000 Accounts receivable   75,000 Inventory   84,000 Current liabilities   105,000 Company B Net credit sales   560,000 Cost of goods sold   480,000 Cash    22,000 Accounts receivable  70,000 Inventory    160,000 Current liabilities  100,000 A) for each of the companies compute the 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover    To which company would you prefer to sell $25,000 in merchandise on a 30-day open account? Company a or b and why