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DerKrebs [107]
3 years ago
12

Using the financial statements for HH Company below: Sales 1,607,500 Cost of goods sold 1,392,500 Selling, general and administr

ative 145,000 Earnings before interest and taxes (EBIT) 70,000 Federal and state income taxes (40%) 18,200 Net income 27,300 HH Company Balance Sheet as of December 31, 20XX Assets 80,500 Accounts Payable 132,000 Accounts Receivable 334,500 Current portion of debt 84,000 Inventories 240,000 Other current liabilities 114,000 Total current assets 655,000 Total current liabilities 330,000 Net fixed assets 292,500 Long-term debt 256,500 Total assets 947,500 Total liabilities 586,500 Common equity 361,000 Total Liabilities Equity 947,500 1. Calculate the indicated ratios for HH. Company Averages Industry Averages Current Ratio 2.2 Days sales outstanding (based on 365-day year) 36 days Inventory turnover 6.7 Fixed asset turnover 12.1 Total assets turnover 3.00 Return on sales 1.20% Return on assets 3.60% Return on equity 9.00% Debt ratio 55% 2. Discuss HH's strengths and weaknesses as revealed by your analysis. 3. Suppose HH doubles its sales as well as its inventories, accounts receivable, and common equity during the year. How would that information affect the validity of your ratio analysis
Business
1 answer:
LiRa [457]3 years ago
4 0

Answer:

D

Explanation:

ys Inventory turnover 6.7 Fixed asset turnover 12.1 Total assets turnover 3.00 Return on sales 1.20% Return on assets 3.60% Return on equity 9.00% Debt ratio 55% 2. Discuss HH's strengths and weaknesses as revealed by your analysis. 3. Suppose HH doubles its sales as well as its inventories, accounts receivable, and common equity during the year. How would that information affect the validity of your ratio analysis

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In an ethnographic study of black and white working-class men, Deirdre Royster (2003) found that the job market was
Rainbow [258]

In an ethnographic study of black and white working-class men, Deirdre Royster (2003) found that the job market was Not fair and not meritocratic

Explanation:

Deirdre Royster has put this popular wisdom to a test – revealing the subtleties and inequalities of a place of work in the Race and the Invisible Hand which favour the white person looking for jobs above the black one.

Royster is finding a reference in the stories of 25 black and 25 white men from the same vocational school who were looking for work on the same blue collar job market in the beginning of the 1990's.

Having carefully studied the professional successes, work ethics and values of Black men in the sense of particular deprivations, her research shows that young black and white men are the main differences— access to connections that are very relevant in job searches and admission.

7 0
3 years ago
Additions and improvements
zvonat [6]

Answer: D- increase the net book value of plant assets when incurred.

Explanation:Plant Assets like property, plant, equipment are fixed assets and are referred to the resources that have physical substance. They are used in the running of a business and are not for customers sale.

-Additions and Improvements are the costs incurred to increase a plant assets by increasing efficiency and productiveness of the asset, they increase the net book value of plant assets when they are incurred leading to more productive facilities and output

4 0
4 years ago
High Step Shoes had annual revenues of $192,000, expenses of $107,200, and dividends of $20,800 during the current year. The ret
zhannawk [14.2K]

Answer:

Debit Income Summary $84,800, Credit High Step Shoes, Capital $84,800

Explanation:

Preparation of what The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:

Debit Income Summary $84,800

Credit High Step Shoes, Capital $84,800

($192,000-$107,200)

(To close the Income Summary account )

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3 years ago
At a sale of polarizing sunglasses, there is a half-price special on some glasses with lenses that have a horizontal polarizatio
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No, because horizontal polarization defeats the purpose of sunglasses.

The objective of wearing a sunglass is to avoid glare and Sunlight bouncing off a surface like water, a road, or metal will usually reflect horizontally which lens which have horizontal polarization will not stop these glare.

The oscillation of an antenna's electrical field on the vertical plane is known as vertical polarization, whereas the oscillation on the horizontal plane is known as horizontal polarization. An electrical field that oscillates at a 45-degree angle to a reference plane is known as slant polarization.

Learn more about horizontal polarization here

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2 years ago
Fill in the blank Edge-nuity
LuckyWell [14K]

Answer:

Answers to the statements are given below

1. Ed's revenue from selling his most popular arrangement is 45

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