2.3808 c. Operating Ratios i. Avg. Inventory turnover = 2‚625‚340 / [(627‚853 + 568‚421) / 2] = 4.3891 ii. Avg. Collection Period = 3‚897‚564 / 507‚951 = 7.6731 = 365 / 7.6731 = 47.59 days iii. Avg. Payable Period = 2‚565‚908 / 241‚881 = 10.61 = 365 / 10.61 = 34.4 days iv. Net sales to total assets = 3‚897‚564 / 2‚015‚677 = 1.9336 d. Profitability Ratios i. Net profit on sales = 165‚234 / 2‚015‚677 = 4.24%
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Butler Lumber 1. Why does BL need to borrow money to support its profitable business? Draw up a Fund Flow Statement‚ i.e.‚ Funding and Uses a. Funding would include Bank Borrowing‚ Trade Credit‚ Retained Earnings‚ Cash‚ Accrued Expenses b. Uses would include Inventories‚ A/R‚ Buyout‚ Reduction in debt‚ increase in fixed assets/accounts Response: BL needs to borrow money from the bank to take benefit of the purchase discounts. During the last two years‚ BL had taken very few purchase discounts
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| | |Woolworths Ltd. | |Account Assignment | |
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ACCT504 Professor Morrison Target vs. Walmart ACCT504 Professor Morrison Measuring Ability to Pay Current Liabilities: Target and Walmart’s current ratio have a .03 different meaning that both comapnies have a high chance of paying off their debts if they need arises. Measuring Turnover: Walmart has the advantage for the inventory turnover and accounts receivable turnover ratios. Walmart turns over their inventory 10.1 times to Target’s 6.1 times and Walmart turns over their accounts
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(Difficulty Levels: Easy‚ Easy/Medium‚ Medium‚ Medium/Hard‚ and Hard) Please see the preface for information on the AACSB letter indicators (F‚ M‚ etc.) on the subject lines. Multiple Choice: True/False (16 Intro) Net working capital F S Answer: b EASY 1. Net working capital‚ defined as current assets minus the sum of payables and accruals‚ is equal to the current ratio minus the quick ratio. a. True b. False (16 Intro) Net working capital F S Answer: b EASY 2. Net working capital is defined
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FINANCIAL PROJECT REPORT ON RABAXY DRUGS Ltd. Submitted By – Divey Yadav (12609016) Abhita Singh (12609021) Hina Gupta(12609013) Acknowledgements Every endeavour has to have a front to precede its valuable culmination. The front can be put into words‚ which once uttered absolves the speaker of every sense of gratitude with which they were uttered. We take this opportunity to express sincere gratitude and respect to all those who played an important role in giving us the right direction
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The primary products(s) and/or services (s) of the corporation Wal-Mart is one of the largest chains‚ which operates in three large segments: The Walmart U.S.‚ the Walmart International‚ and the Sam’s Club. In this report we are focusing mainly on Walmart US. This latter is has a momentous presence in the retail industry‚ operating throughout the united states. “ The Walmart U.S segment includes the Company’s mass merchant concept under the Walmart or Wal-Mart brand‚ as well as walmart.com.” (Reuters
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inventory turnover is slightly better by .3 than JC Penney. This might indicate that Kohl’s volume of sales in terms of inventory is better than JC Penney. Average Inventory $2‚980 times $3‚118‚500 times Days in inventory 365 days 365 = 96 365 = 105 The result of the days’ in inventory is consistent with the inventory turnover. The result is in favor of Kohl’s. Kohl’s has the ability to sell its inventory 9 days (105-96) ahead compared to JC Penney. Inventory turnover 3.8 days
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days‚ months‚ and years but‚ before they were created their inventors had to calculate and record timeless of information to add into their calendars. In today’s world as we know it‚ we actually adopted some of these calendars as our own. Known as the 365 days calendar in which includes leap year that happens every four years. These calendars are the Ancient Calendars‚ the Gregorian Calendar‚ and the Mayan Calendar which are still around in today’s world. Ancient Calendars were used to determine the
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EBIT/Revenue Return on Equity = NI/Inv Days Receivable = AR/(sales/365) Days Inventory= (Avg Inv/COGS) x 365 3. Winnebago GP % = Return on sales= Return on Equity= Days Receivable= Days Inventory= 2008 5.7% (1.6%) 1.6% 5.7 67.9 Skyline GP %= Return on sales Return on equity Days Receivable Days Inventory 2008 7.6% (1.84) (3.3%) 22.1 13.6 4. Restated Inventory= LIFO Inventory+LIFO reserve Days Inventory Restated= (Avg Inv/COGS) x 365 days 007 2 11.4% 6.3% 19.9% 12.7 42.2 007 2 10.4% (0.7%) 1
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