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XYZ provided the following financial information: XYZ Balance Sheet As of 12/31/19 Assets:       Liabilities and Equity:          Cash and marketable securities   $27,476      Accounts payable and accruals   $154,860      Accounts receivable   $143,519      Short-term notes payable   $21,255      Inventory   $212,379      Total current liabilities   $176,115      Total current assets   $383,374      Long term debt   $155,510      Net plant and equipment   $602,704      Total liabilities   $331,625      Goodwill and other assets   $42,422      Common stock   $312,719              Retained earnings   $384,156         Total assets   $1,028,500         Total liabilities and equity   $1,028,500   In addition, it was reported that the firm had a net income of:   $158,402 and net sales of:   $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.): Current Ratio   ?   times Quick Ratio   ? times Average Collection Period   ? days Total Asset Turnover   ? times Fixed Asset Turnover   ? times

XYZ provided the following financial information: XYZ Balance Sheet As of 12/31/19 Assets:       Liabilities and Equity:          Cash and marketable securities   $27,476      Accounts payable and accruals   $154,860      Accounts receivable   $143,519      Short-term notes payable   $21,255      Inventory   $212,379      Total current liabilities   $176,115      Total current assets   $383,374      Long term debt   $155,510      Net plant and equipment   $602,704      Total liabilities   $331,625      Goodwill and other assets   $42,422      Common stock   $312,719              Retained earnings   $384,156         Total assets   $1,028,500         Total liabilities and equity   $1,028,500   In addition, it was reported that the firm had a net income of:   $158,402 and net sales of:   $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.): Current Ratio   ?   times Quick Ratio   ? times Average Collection Period   ? days Total Asset Turnover   ? times Fixed Asset Turnover   ? times

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...
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XYZ provided the following financial information:

XYZ
Balance Sheet
As of 12/31/19
Assets:       Liabilities and Equity:      
   Cash and marketable securities   $27,476      Accounts payable and accruals   $154,860  
   Accounts receivable   $143,519      Short-term notes payable   $21,255  
   Inventory   $212,379      Total current liabilities   $176,115  
   Total current assets   $383,374      Long term debt   $155,510  
   Net plant and equipment   $602,704      Total liabilities   $331,625  
   Goodwill and other assets   $42,422      Common stock   $312,719  
           Retained earnings   $384,156  
      Total assets   $1,028,500         Total liabilities and equity   $1,028,500  

In addition, it was reported that the firm had a net income of:   $158,402
and net sales of:   $4,272,431


Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.):

Current Ratio   ?   times
Quick Ratio   ? times
Average Collection Period   ? days
Total Asset Turnover   ? times
Fixed Asset Turnover   ? times
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