subject
Business, 05.07.2019 22:20 millanesjamela

The comparative statements of blossom company are presented here. blossom companyincome statementsfor the years ended december 3120172016net sales $1,899,640$1,759,600cost of goods sold 1,067,6401,015,100gross profit 832,000744,500selling and administrative expenses 509,100488,100income from operations 322,900256,400other expenses and losses interest expense 23,50021,500income before income taxes 299,400234,900income tax expense 93,50074,500net income $ 205,900$ 160,400blossom companybalance sheetsdecember 31assets20172016current assets cash $ 60,100$ 64,200 debt investments (short-term) 74,00050,000 accounts receivable 126,900111,900 inventory 127,500117,000 total current assets 388,500343,100plant assets (net) 659,000530,300total assets $1,047,500$873,400liabilities and stockholders’ equitycurrent liabilities accounts payable $ 169,100$154,500 income taxes payable 45,00043,500 total current liabilities 214,100198,000bonds payable 230,000210,000 total liabilities 444,100408,000stockholders’ equity common stock ($5 par) 290,000300,000 retained earnings 313,400165,400 total stockholders’ equity 603,400465,400total liabilities and stockholders’ equity $1,047,500$873,400all sales were on account. net cash provided by operating activities for 2017 was $234,000. capital expenditures were $137,000, and cash dividends were $57,900.compute the following ratios for 2017. (round all answers to 2 decimal places, e. g. 1.83 or 1.83%) earnings per share $(b) return on common stockholders’ equity %(c) return on assets %(d) current ratio : 1(e) accounts receivable turnover times(f) average collection period days(g) inventory turnover times(h) days in inventory days(i) times interest earned times(j) asset turnover times(k) debt to assets ratio %(l) free cash flow $

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 18:20, nicollexo21
Alyeska services company, a division of a major oil company, provides various services to the operators of the north slope oil field in alaska. data concerning the most recent year appear below: sales $18,000,000 net operating income $6,300,000 average operating assets $35,200,000 1. compute the margin for alyeska services company. (round your answer to 2 decimal places.) 2. compute the turnover for alyeska services company. (round your answer to 2 decimal places.) 3. compute the return on investment (roi) for alyeska services company. (round your intermediate calculations and final answer to 2 decimal places.)
Answers: 1
image
Business, 21.06.2019 21:40, Sarahinator04
This problem has been solved! see the answerchapter 19 problem #8. quality and financial control (connect, perform)part one: geometrica designs and builds domes and space frames for large buildings. while the company had developed quality standards over time to respond to different client problems and training needs, it lacked a unified quality system, and its global client base wanted assurance that geometrica met an established international standard for quality. which of the following was an appropriate step for this company to take? a) reform its accounting and financial reporting systems to comply with sarbanes-oxleyb) establish and document a quality management system to comply with iso 9000management at workyou are the new fleet manager at xpressship, a package delivery company. as your first project, your boss has asked that you to look into implementing an electronic monitoring system for the fleet of 2,000 trucks your company owns. a recent internal audit on maintenance and repair costs on the company’s vehicles revealed while maintenance was performed regularly on the trucks, mileage or use had not been taken into account. this resulted in approximately $20,000 of unneeded repairs. you know that telematics have been used by other companies with fleets of cars or trucks and it will allow your company to not only track mileage and use, but also part replacement needs, vehicle oil pressure, and drivers’ speed and real time location. tracking these items can reduce maintenance costs while improving efficiency. you find that a simple computer can be installed in each vehicle. when the drivers return at the end of the day, the telematics information from each vehicle will be uploaded to a master computer where a software program will generate a report with results on the variables you have selected. early one morning as you are getting a cup of coffee, a few drivers that have been with the company for many years approach you with some concerns. eldon, the most senior driver says, “i heard you’re installing some type of computer to track our driving. my buddy works over at parcel and post package delivery and he said they’ve got these computers, too. he said managers are writing people up and firing drivers for speeding or not wearing seat belts. are you going to do that to us, too? ”part two: as a manager, which of the following statements would be effective in maintaining a positive relationship with company drivers? check all that apply. a) at this time, xpressship will be using telematics to monitor maintenance and repair needs, not drivers’ motoring habitsb) although the company isn’t doing so now, when xpressship begins to monitor driver motoring habits, the company will encourage them to keep a separate daily log where they can document any unusual circumstancesc) while xpressship could monitor things like speed, location, and idle time, the company trusts their drivers and will not be using that data in disciplinary decisionsd) xpressship executives are happy with their technology and believe that implementation is ideal for your organization
Answers: 3
image
Business, 22.06.2019 11:50, vdirectioner7634
The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.
Answers: 3
image
Business, 22.06.2019 13:30, lorip7799ov3qr0
The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.
Answers: 1
You know the right answer?
The comparative statements of blossom company are presented here. blossom companyincome statementsfo...

Questions in other subjects:

Konu
Mathematics, 14.06.2021 19:40