Vulture Sporting Goods reported the following data at March 31, 2010, with amounts adapted in thousands:
Vulture Sporting Goods Company
Income Statement
For the Year Ended March 31, 2010
(Amounts in thousands)
Net revenues $174,000
Cost of goods sold 136,800
All other expenses 26,000
Net income $ 11,200
Vulture Sporting Goods Company
Statement of Retained Earnings
For the Year Ended March 31, 2010
(Amounts in thousands)
Retained earnings, March 31, 2009 $ 2,000
Add: Net income 11,200
Retained earnings, March 31, 2010 $13,200
Vulture Sporting Goods Company
Balance sheet
For the Year Ended March 31, 2010
Assets
Current
Cash 1300
Account recievable 28200
Inventories 37000
Other current assets5200
Total current assets71700
Property and equipment net6000
Other assets 28000
Total assets105700
Liabilities
Current liabilities53000
Long term liabilities12500
Total liabilities65500
Stockholder, s equity
Common stock27000
Retained earnings13200
Total stockholder's equity40200
Total liabilities and stockholder's equity105700
1. Compute Vultures current ratio. Round to two decimal places.
2. Compute Vultures debt ratio. Round to two decimal places.
Do these ratio values look strong, weak, ormiddle-of-the-road?
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 15:30, gracerich
University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator Ă· choose denominator = return on assetsĂ· = return on assetsĂ· = profit marginĂ· = profit marginĂ· = asset turnoverĂ· = asset turnoverĂ· = times
Answers: 2
Business, 22.06.2019 21:20, danielahumajova6
In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources. b. (ii) determine how much of each good gets produced. c. (iii) can be used to predict the impact on the economy of various events and policies. d. all of (i), (ii), and (iii) are correct.
Answers: 3
Business, 23.06.2019 00:50, kellimcollier8294
Mr. drucker uses a periodic review system to manage the inventory in his dry goods store. he likes to maintain 15 sacks of sugar on his shelves based on the annual demand figure of 225 sacks. it costs $2 to place an order for sugar and costs $1 to hold a sack in inventory for a year. mr. drucker checks inventory one day and notes that he is down to 9 sacks; how much should he order?
Answers: 1
Business, 23.06.2019 00:50, Bunnybear3384
On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was:
Answers: 3
Do you know the correct answer?
Vulture Sporting Goods reported the following data at March 31, 2010, with amounts adapted in thousa...
Questions in other subjects:
