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3 years ago

Given on the balance sheets given for Just dew It, calculate the following financial ratios for each year:_________.

Business

1 answer:

almond37 [142]3 years ago

3 0

Answer:

a. Current ratio = current assets / current liabilities

2014 = $90,717 / $62,939 = 1.44
2015 = $100,617 / $66,442 = 1.51

b. Quick ratio = (current assets - inventory) / current liabilities

2014 = ($90,717 - $51,163)/ $62,939 = 0.63
2015 = ($100,617 - $56,295)/ $66,442 = 0.67

c. Cash ratio = (cash + cash equivalents) / current liabilities

2014 = $11,135 / $62,939 = 0.18
2015 = $13,407 / $66,442 = 0.20

d. NWC to total assets ratio = net working capital / total assets

2014 = $27,778 / $417,173 = 0.07
2015 = $34,175 / $458,177 = 0.07

e. Debt-equity ratio = total debt / total equity

2014 = $106,939 / $310,234 = 0.34
2015 = $105,442 / $352,735 = 0.30

equity multiplier = total assets / total equity

2014 = $417,173 / $310,234 = 1.34
2015 = $458,177 / $352,735 = 1.30

f. Total debt ratio = liabilities / assets

2014 = $106,939 / $417,173 = 0.26

2015 = $105,442 / $458,177 = 0.23

long-term debt ratio = long term liabilities / assets

2014 = $44,000 / $417,173 = 0.11
2015 = $39,000 / $458,177 = 0.09

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What is the name of the control theory that emphasizes the interplay between environmental factors and intrinsic factors?

daser333 [38]

Answer:

Social Cognitive Theory

Explanation:

Based on the information provided within the question it can be said that the theory that is being described is called Social Cognitive Theory. This is a theory presented by Albert Bandura which focuses on the interaction between intrinsic factors (such as cognitive, behavioral, or personal) and Environmental Factors in order to understand the motivation of an individual to act a certain way.

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3 years ago

At the beginning of 2016, a corporation had assets of $350,000 and liabilities of $230,000. During 2016, assets increased $20,00

Naddik [55]

Answer:

$135,000

Explanation:

Equity is the difference between the assets and liabilities of an entity.

Using the accounting equation;

Assets - Liabilities = Equity

Given;

Opening assets balance = $350,000

Opening liabilities balance = $230,000

Therefore;

Opening balance of equity = $350,000 - $230,000

= $120,000

Increase in asset = $20,000

Increase in liabilities = $5,000

Increase in equity = $20,000 - $5,000

= $15,000

Balance of stockholders' equity at December 31, 2016 = $120,000 + $15,000

= $135,000

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3 years ago

External forces in the natural environment include A. the trend toward healthier lifestyles, which can shift spending toward exe

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External forces in the natural environment is C. interest rates, exchange rates, the inflation rate, the unemployment rate, the rate of economic growth, trade deficits or surpluses, savings rates, and per-capita domestic product.

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These are factors that affect an environment from the outside instead of within.

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2 years ago

Which quality is a necessary component of creativity?

Helen [10]

Open-mindedness is the correct answer

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3 years ago

Read 2 more answers

Rainy days Company manufactures designer umbrellas. Each line of umbrellas is endorsed by a high-profile celebrity and designed

kykrilka [37]

Answer:

Rainy Days Company

a. Incremental Analysis of the Special Order:

Incremental Analysis Normal Increment

Sales revenue $960,000 $160,000

Cost of goods sold:

Variable costs (80%) 393,600 82,000

Fixed costs (20%) 98,400 0

Total cost of goods sold 492,000 82,000

Gross profit $468,000 78,000

Operating expenses 36,000 60,000

Net operating income $432,000 $18,000

b. Rainy days should accept the special order.

c. Rainy days should charge $17.43 per unit for the special order

Explanation:

a) Data and Calculations:

Operating capacity (80%) = 96,000 units

100% capacity = 120,000 units (96,000/0.8)

Sales revenue $960,000

Cost of goods sold 492,000

Gross profit $468,000

Operating expenses 36,000

Net operating income $432,000

At full capacity, price for the special order:

Cost of goods sold:

Variable costs (80%) $82,000

Fixed costs (20%) 98,400

Total cost of goods sold 180,400

Operating expenses 60,000

Total cost of special order $240,400

Units of the special order 20,000

Unit cost = $12.02

Net income margin (45%) 5.41

Total price to charge $17.43

b) The full fixed cost was charged for the special order if Rainy days Company operates at full capacity before receiving the special order. Fixed cost does not vary according to the level of activity. It has a step-cost feature, which means that to increase capacity by 20,000 units, the company will incur additional fixed cost $98,400.

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3 years ago