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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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Sveta_85 [38]

The opening or introduction of your presentation is the ideal time to introduce the hypothesis. The tentative solutions are important about the presentation.

<h3 /><h3>What is a hypothesis?</h3>

A hypothesis is a theory that is put up as a potential explanation for a certain circumstance or condition but has not yet been shown to be true. Scientists can design a straightforward laboratory experiment to verify this theory.

In the context of science, a hypothesis is an assertion based on current knowledge that is appropriate for describing a particular phenomenon but whose validity has not been established or has not been independently tested.

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7 0
2 years ago
A firm characterized as a price-taker:
ololo11 [35]

Answer: Option E

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If a company raises the price of its product by as much as a penny in a perfectly competitive structure,then it will lose all of its sales to other firms. In such structures the prices are determined by the marker forces of demand and supply.

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3 0
4 years ago
What should you do before you approach a atm
kap26 [50]

Answer:

Try to use ATMs with which you are familiar. Choose well-lit, well-placed ATMs where you feel comfortable. If you need to use an ATM late at night, ask a friend to accompany you.

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6 0
3 years ago
Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance
Alina [70]

Answer:

See below

Explanation:

Statement of cash flow from operating activities using the indirect method.

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$5,000

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$4,000

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7 0
3 years ago
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irakobra [83]

Answer: organizations that are in the middle of a series of organizations that distribute goods from producers to consumers.

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