66547 – Ratios formulas:Inventory turnover=cost of goods sold/InventoryAverage

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Ratios formulas:Inventory turnover=cost of goods sold/InventoryAverage collection period=accounts receivable/average sales per day=accounts receivable/(annual sales/365)Asset turnover=sales/total assetsDebt ratio=total liabilities/total assetsGross profit margin=(sales-cost of goods sold)/sales=Gross profit/salesNet profit margin=net income or earnings available for common stockholders/salesROA=net income or earnings available for common stockholders/total assetsROE=net income or earnings available for common stockholders/common stock equityCurrent ratio=current assets/current liabilityFrom the pictures above, please answer those qustions below: -Q 1. Depreciation Expense for 2020 is at 500,000.00Using the data above, compute for the company’s 2020 Gross Profita. 2,341,100.00b. 1,371,000.00c. 1,250,000.00Q 2. If depreciation expense for 2020 is at 500,000.00, how much is the net change in cash due to investing activity?a. -750,112.00b. -830,110.00c. -650,142.00Q3. Depreciation Expense for 2020 is at 500,000.00Using the data above, compute for the company’s 2020 Total Current Liabilitiesa. 416,500.00b. 415,040.00c. 616,000.00Q4. Depreciation Expense for 2020 is at 500,000.00Using the data above, compute for the company’s 2020 Inventorya. 700,625.00b. 720,525.00c. 230,655.00Q5. Depreciation Expense for 2020 is at 500,000.00. Using the given data, compute for the net change in cash for 2020.a. 900.00b. 800.00c. 1,000.00Q6. Depreciation Expense for 2020 is at 500,000.00Using the data above, compute for the company’s 2020 Shareholder’s Equitya. 2,045,650.00b. 1,043,750.00c. 1,333,650.00Q7. The depreciation expense for 2020 is 500,000.00. Using the data available, compute for the 2020 change in cash due to operating activities.a. 360,762.00b. 550,662.00c. 465,752.00Q8. The depreciation expense for 2020 is 500,000.00. Using the data above, compute for the company’s 2020 Earnings available for common stocksa. 37,000.00b. 35,000.00c. 33,000.00Q9. Depreciation expense for 2020 is at 500,000.00, compute for the company’s 2020 quick ratioa. 1.2b. 1.7c. 1.8Q10. Depreciation Expense for 2020 is at 500,000.00, compute for the 2020 Times interest earneda. 1.2b. 1.20c. 1.6Q11. Depreciation Expense for 2020 is at 500,000.00Using the data above, compute for the company’s 2020 Retained Earningsa. 400,000.00b. 350,200.00c. 300,000.00Q12. Depreciation Expense for 2020 is at 500,000.00Using the data above, compute for the company’s 2020 Accounts payable?a. 240,050.00b. 450,000.00c. 230,000.00Q13. Depreciation Expense for 2020 is 500,000.00Using the data above, compute for the company’s 2020 Earnings Before Taxa. 65,200.00b. 70,000.00c. 60,000.00Q14. The depreciation expense for 2020 is 500,000.00. What is the 2020 change in cash position due to financing activities?a. 490,452.00b. 420,150.00c. 390,250.00Q15. Depreciation Expense for 2020 is at 500,000.00Using the Data above, compute for the company’s 2020 Accounts Receivable.a. 805,556b. 875,656c. 835,545

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