Bobaflex Corporation has ending inventory of $715,773 and cost of goods sold for
ID: 2818184 • Letter: B
Question
Bobaflex Corporation has ending inventory of $715,773 and cost of goods sold for the year just ended was $9,505,462. What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Inventory turnover timesWhat is the days’ sales in inventory? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days’ sales in inventory days
Dimeback Co. has total assets of $9,000,000 and a total asset turnover of 2.4 times. Assume the return on assets is 10 percent. What is its profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
For the past year, Coach, Inc., had a cost of goods sold of $67,882. At the end of the year, the accounts payable balance was $11,989. How long on average did it take the company to pay off its suppliers during the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days’ sales in payables days
SDJ, Inc., has net working capital of $1,710, current liabilities of $5,690, and inventory of $1,285. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current ratio times What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Quick ratio times
In response to complaints about high prices, a grocery chain runs the following advertising campaign: “If you pay your child $1 to go buy $33 worth of groceries, then your child makes about twice as much on the trip as we do.” You’ve collected the following information from the grocery chain’s financial statements: (millions) Sales $ 754.00 Net income 11.45 Total assets 320.00 Total debt 152.50 What is the child’s profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Child’s profit margin %
What is the store’s profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Store’s profit margin % What is the store's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE % Beckinsale, Inc., has a profit margin of 6.85 percent on sales of $24,000,000. Assume the firm has debt of $9,400,000 and total assets of $16,000,000. What is the firm’s ROA? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROA %
Problem 3-13 Sustainable Growth [LO 3] Profit margin = 9.4 % Capital intensity ratio = .55 Debtequity ratio = .70 Net income = $ 105,000 Dividends = $ 40,000 Based on the above information, calculate the sustainable growth rate for Southern Lights Co. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate %
Bobaflex Corporation has ending inventory of $715,773 and cost of goods sold for the year just ended was $9,505,462. What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Inventory turnover times
What is the days’ sales in inventory? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days’ sales in inventory days
Dimeback Co. has total assets of $9,000,000 and a total asset turnover of 2.4 times. Assume the return on assets is 10 percent. What is its profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
For the past year, Coach, Inc., had a cost of goods sold of $67,882. At the end of the year, the accounts payable balance was $11,989. How long on average did it take the company to pay off its suppliers during the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days’ sales in payables days
SDJ, Inc., has net working capital of $1,710, current liabilities of $5,690, and inventory of $1,285. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current ratio times What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Quick ratio times
In response to complaints about high prices, a grocery chain runs the following advertising campaign: “If you pay your child $1 to go buy $33 worth of groceries, then your child makes about twice as much on the trip as we do.” You’ve collected the following information from the grocery chain’s financial statements: (millions) Sales $ 754.00 Net income 11.45 Total assets 320.00 Total debt 152.50 What is the child’s profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Child’s profit margin %
What is the store’s profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Store’s profit margin % What is the store's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE % Beckinsale, Inc., has a profit margin of 6.85 percent on sales of $24,000,000. Assume the firm has debt of $9,400,000 and total assets of $16,000,000. What is the firm’s ROA? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROA %
Problem 3-13 Sustainable Growth [LO 3] Profit margin = 9.4 % Capital intensity ratio = .55 Debtequity ratio = .70 Net income = $ 105,000 Dividends = $ 40,000 Based on the above information, calculate the sustainable growth rate for Southern Lights Co. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate %
Bobaflex Corporation has ending inventory of $715,773 and cost of goods sold for the year just ended was $9,505,462. What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Inventory turnover times
What is the days’ sales in inventory? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days’ sales in inventory days
Dimeback Co. has total assets of $9,000,000 and a total asset turnover of 2.4 times. Assume the return on assets is 10 percent. What is its profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Dimeback Co. has total assets of $9,000,000 and a total asset turnover of 2.4 times. Assume the return on assets is 10 percent. What is its profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
For the past year, Coach, Inc., had a cost of goods sold of $67,882. At the end of the year, the accounts payable balance was $11,989. How long on average did it take the company to pay off its suppliers during the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days’ sales in payables days
For the past year, Coach, Inc., had a cost of goods sold of $67,882. At the end of the year, the accounts payable balance was $11,989. How long on average did it take the company to pay off its suppliers during the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days’ sales in payables days
SDJ, Inc., has net working capital of $1,710, current liabilities of $5,690, and inventory of $1,285. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current ratio times What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Quick ratio times SDJ, Inc., has net working capital of $1,710, current liabilities of $5,690, and inventory of $1,285. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current ratio times What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Quick ratio times
In response to complaints about high prices, a grocery chain runs the following advertising campaign: “If you pay your child $1 to go buy $33 worth of groceries, then your child makes about twice as much on the trip as we do.” You’ve collected the following information from the grocery chain’s financial statements: (millions) Sales $ 754.00 Net income 11.45 Total assets 320.00 Total debt 152.50 What is the child’s profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Child’s profit margin % In response to complaints about high prices, a grocery chain runs the following advertising campaign: “If you pay your child $1 to go buy $33 worth of groceries, then your child makes about twice as much on the trip as we do.” You’ve collected the following information from the grocery chain’s financial statements: (millions) Sales $ 754.00 Net income 11.45 Total assets 320.00 Total debt 152.50 What is the child’s profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Child’s profit margin %
What is the store’s profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Store’s profit margin % What is the store's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE % What is the store’s profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Store’s profit margin % What is the store's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE % Beckinsale, Inc., has a profit margin of 6.85 percent on sales of $24,000,000. Assume the firm has debt of $9,400,000 and total assets of $16,000,000. What is the firm’s ROA? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROA %
Beckinsale, Inc., has a profit margin of 6.85 percent on sales of $24,000,000. Assume the firm has debt of $9,400,000 and total assets of $16,000,000. What is the firm’s ROA? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROA %
Problem 3-13 Sustainable Growth [LO 3] Profit margin = 9.4 % Capital intensity ratio = .55 Debtequity ratio = .70 Net income = $ 105,000 Dividends = $ 40,000 Based on the above information, calculate the sustainable growth rate for Southern Lights Co. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate %
Problem 3-13 Sustainable Growth [LO 3] Profit margin = 9.4 % Capital intensity ratio = .55 Debtequity ratio = .70 Net income = $ 105,000 Dividends = $ 40,000 Based on the above information, calculate the sustainable growth rate for Southern Lights Co. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate %
Explanation / Answer
1)
Inventory turnover = Cost of goods sold/Inventory
= $9,505,462/$715,773
= 13.28 times
Day’s sales in inventory:
= Number of Days in Year/Inventory turnover
= 365/13.28
= 27.48 days