 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
accounting answers
Use the following information to complete the balance sheet and sales information in the table that follows for Hopkins industries using the following financial data:
Debt ratio 65% Quick Ratio 1.1x Total Asset turnover 2.5x Receivable turnover 8.333 Gross profit margin on sales 30% Inventory turnover ratio 5x BALANCE SHEET Cash Accounts Payable Account Receivable 70000 Long term debt 3,00,000 Inventories Common stock Fixed Assets Retained Earnings 2,25,000 Total Assets 10,00,000 Total Liabilities & Equity Sales Cost of goods sold |
||||
|
||||
|
Use the following information to complete the balance sheet and sales information in the table that follows for Hopkins industries using the following financial data:
Debt ratio 65% Quick Ratio 1.1x Total Asset turnover 2.5x Receivable turnover 8.333 Gross profit margin on sales 30% Inventory turnover ratio 5x BALANCE SHEET Cash Accounts Payable Account Receivable 70000 Long term debt 3,00,000 Inventories Common stock Fixed Assets Retained Earnings 2,25,000 Total Assets 10,00,000 Total Liabilities & Equity Sales Cost of goods sold |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
Mokena, Inc. reported net income of $2.0 million in 2014. Depreciation for the year was $160,000, accounts receivable increased $350,000, and accounts payable increased $280,000
REVIEW OF MATHEMATICAL SKILLS - ROUND OFF AFTER TWO DECIMAL You are working in the Human Resource Department of ABACO Company. You are asked to provide the following information to management: What will be the new payroll to be applied to the following staff after their increases? Complete...
All of the following are external events transaction except for: A. a department store recognizing losses from shoplifting. B. a department store running ads in a local newspaper. C. a department store purchasing merchandise from a clothing manufacturer. D. a department store selling clothing...
Dan Engles manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 50-gallon batch. 3,200 ounces of grape concentrate at $0.06 per ounce 55 pounds of granulated sugar at $0.38 per pound 62 lemons at $0.63 each...
Campbell Soup Co. Had the following assets and liabilities (in millions) as of July 29, 2007. Assets $6,445 Liabilities 5,150 A. Determine the stockholders' equity of Campbell Soup as of July 29, 2007. B. If assets increased by $29 and liabilities increased by $6, what was the increase Or...
View more questions Search
|
