Business, 02.03.2020 21:00 stephliu721

The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021: Year ended 12/31/2021 Net sales $ 8,139 Cost of goods sold 4,957 Selling and administrative expense 2,099 Interest expense 606 Income before taxes 477 Net income 648 12/31/2021 12/31/2020 Cash and cash equivalents $ 1,165 $ 83 Receivables, net 1,200 854 Inventories 1,245 709 Land, buildings and equipment at cost, net 13,690 4,034 Total assets $ 17,300 $ 5,680 Total current liabilities $ 5,937 $ 2,399 Long-term debt 5,781 2,411 Total liabilities $ 11,718 $ 4,810 Total stockholders' equity $ 5,582 $ 870 Required: Compute the receivables turnover ratio for 2021

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 10:30

Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?

Answers: 2

Answer

Business, 22.06.2019 19:10

After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.

Answers: 2

Answer

Business, 22.06.2019 20:20

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.

Answers: 2

Answer

Business, 22.06.2019 21:20

Which of the following best explains why buying a house is more beneficial than renting? a. buying is a personal investment while renting involves giving money to the landlord. b. the monthly payments on a mortgage are generally lower than rent on an apartment. c. it's easier to sell a house than it is to get a landlord to break a rental agreement. d. housing prices can go up and down quickly in comparison to the level of rents.

Answers: 1

Answer

You know the right answer?

The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for t...

Questions