sandhill co.
balance sheets
Business, 14.12.2019 04:31 richtercatrina16
Sandhill co. has these comparative balance sheet data:
sandhill co.
balance sheets
december 31
2017 2016
cash $33,450 $ 66,900
accounts receivable (net) 156,100 133,800
inventory 133,800 111,500
plant assets (net) 446,000 401,400
$769,350 $713,600
accounts payable $111,500 $133,800
mortgage payable (15%) 223,000 223,000
common stock, $10 par 312,200 267,600
retained earnings 122,650 89,200
$769,350 $713,600
additional information for 2017:
1. net income was $34,100.
2. sales on account were $377,100. sales returns and allowances amounted to $27,600.
3. cost of goods sold was $200,200.
4. net cash provided by operating activities was $56,000.
5. capital expenditures were $28,200, and cash dividends were $19,300.
compute the following ratios at december 31, 2017. (round current ratio and inventory turnover to 2 decimal places, e. g. 1.83 and all other answers to 1 decimal place, e. g. 1.8. use 365 days for calculation.)
(a) current ratio: (enter current ratio rounded to 2 decimal places)
(b) accounts receivable turnover: (enter accounts receivable turnover in times rounded to 1 decimal place times)
(c) average collection period. (enter average collection period in days rounded to 1 decimal place days)
(d) inventory turnover. (enter inventory turnover in times rounded to 2 decimal places times)
(e) days in inventory. (enter days in inventory rounded to 1 decimal place days)
(f) free cash flow. (enter free cash flow in dollars rounded to 1 decimal place $)
Answers: 1
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Sandhill co. has these comparative balance sheet data:
sandhill co.
balance sheets
sandhill co.
balance sheets
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