# The current years amount total assets net income the

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the current year's amount total assets net income the prior year's amount
When using vertical analysis, we express income statement accounts as a percentage of
The current ratio is calculated as:
Nerf Mania reports net income of \$500,000, net sales of \$4,000,000, and average assets of \$2,000,000. The asset turnover is:
2018 2017 Accounts receivable \$29,500 \$44,000 Inventory 35,000 37,000 Net sales 197,000 200,000 Cost of goods sold 124,000 110,000 Total assets 429,000 413,000 Total stockholders' equity 249,000 227,000 Net income 35,000 37,000 Stealth Company's 2018 receivables turnover ratio is: 14.54 times 5.36 times
6.73 times 4.20 times Receivables turnover = \$197,000 = 5.36 times (\$29,500 + \$44,000) / 2 A partial balance sheet (\$s in thousands) for Captain D's Sportswear is shown below. Assets: Liabilities: Cash \$62 Accounts payable \$248 Accounts receivable (net) 172 Other liabilities 89 Investments 56 Total current liabilities 337 Inventory 206 Long-term liabilities 116 Prepaid rent 28 Total liabilities 453 Total current assets 524 Stockholders' equity: Property & Equipment (net) 257 Common stock 158 Retained earnings 170 Total stockholders’ equity 328 Total assets \$781 Total liabilities and equity \$781 The current ratio is: 0.67 times 1.55 times
1.16 times 2.54 times \$524/\$337 = 1.55 times Which of the following is a conservative accounting practice?
Nerf Mania reports net income of \$500,000, net sales of \$4,000,000, and average assets of \$2,000,000. The profit margin is:
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