For the FY 2016, Alpha Company had net sales of $850,000 and net income of $50,000, paid income taxes of $20,000, and had before tax interest expense of $10,000
For the FY 2016, Alpha Company had net sales of $850,000 and net income of $50,000, paid income taxes of $20,000, and had before tax interest expense of $10,000. Use this information to determine the: (Round & enter your answers to one decimal place and enter the value.)
1. Times Interest Earned Ratio
2. Profit Margin
Q4. The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal):
Item/Account
2017
2017 2016
Accounts Receivable
$9,800 $9,400
Inventory
25,000 16,000
Net Sales (all credit)
80,000 71,000
Cost of Goods Sold
49,000 52,000
Net Income
7,200 6,900
Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.)
1. the accounts receivable turnover ratio
2. average collection period accounts receivable
3. Gross Profit Margin
4. Profit Margin
Q6. The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal):
Item/Account
2017 2016
Cash
$26,000 $16,000
Accounts Receivable
40,000 50,000
Inventory
30,000 22,000
Current Liabilities
76,000 42,000
Net Sales (all credit)
390,000 360,000
Cost of Goods Sold
270,000 250,000
Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.)
1. the inventory turnover ratio
2. number of days of inventory
3. Gross Profit Margin
Q7 The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal):
Item/Account
2017 2016
Cash $26,000 $16,000
Accounts Receivable 40,000 50,000
Inventory 30,000 22,000
Current Liabilities 76,000 42,000
Net Sales (all credit) 390,000 360,000
Cost of Goods Sold 260,000 250,000
Use this information to determine for FY 2017: (Round & enter your answers to one decimal place and enter the value.)
1. the Accounts Receivable turnover ratio
2. Average Accounts Receivable collection period
3. Gross Profit Margin
Q8 The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal):
Item/Account
2017 2016
Cash $26,000 $16,000
Accounts Receivable 30,000 50,000
Inventory 30,000 22,000
Current Liabilities 76,000 42,000
Net Sales (all credit) 390,000 360,000
Cost of Goods Sold 260,000 250,000
Use this information to determine the quick ratio for FY 2017: (Round & enter your answers to one decimal place and enter the value.)
he following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal):
Item/Account
2017 2016
Cash $26,000 $16,000
Accounts Receivable 40,000 50,000
Inventory 30,000 22,000
Current Liabilities 76,000 42,000
Net Sales (all credit) 390,000 360,000
Cost of Goods Sold 260,000 250,000
Q13 Use this information to determine for FY 2017: (Round & enter your answers to one decimal place for non-dollar ratios and enter the value. For dollar ratio enter as whole dollars only.)
1. the Current Ratio
2. Working Capital
The following information is related to Alpha Company’s fiscal year 2017.
Income Statement:
Net Income $3,000,000
Depreciation Expense 500,000
Gain on Sale of Plant Assets 50,000
Interest Expense 5,000
Balance Sheet – 12/31/17: Increase (Decrease)
Accounts Payable ($40,000)
Plant Assets – Purchased 275,000
Plant Assets – Disposals (100,000)
Additional Information:
Common Stock exchanged for outstanding Long Term Notes Payable of $125,000
Dividends paid were $30,000
Use this information to determine Alpha Company’s Net Cash Flows from Investing Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets ( ):
Q14 The following information is related to Alpha Company’s fiscal year 2017.
Income Statement:
Net Income $3,000,000
Depreciation Expense 500,000
Gain on Sale of Plant Assets 50,000
Interest Expense 5,000
Balance Sheet – 12/31/17: Increase (Decrease)
Accounts Payable ($40,000)
Plant Assets – Purchased 250,000
Plant Assets – Disposals (100,000)
Additional Information:
Common Stock exchanged for outstanding Long Term Notes Payable of $135,000
Dividends paid were $45,000
Use this information to determine Alpha Company’s Net Cash Flows from Financing Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets ( ):
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
