3 questions 11.2, 11.3 and 11.4 need help, please.... h Calculate the current rh

Question

3 questions 11.2, 11.3 and 11.4
need help, please....

h Calculate the current rhio c Calculate the acid-test ratio at December was available for ni-Exercise Calculate activity $365.000 292,000 14,800 16,000 73,000 11.2 ended December 31, 2016 78 Average nventory for the year Required a Calculate the inventory turnover for 2016. h. Calculate the number of days' sales in inventory for 2016, using year-end c Calculate the accounts receivable turnover for 2016. d. Calculate the number of days' sales in accounts receivable for 20106 inventories year-end accounts receivable. ercise Calculate profitability measures The following informe on was available fon 11.3 year ended December 31, 2016: Net income Average total asse... Average total stockholders' equity Dividends per share.. Earnings per share Market price per share at year-end... 400,000 60,000 1,000,000 600,000 2.40 6.00 96.00 Required a. Calculate margin, turnover, and ROI for the year ended December 31, 2016 b. Calculate ROE for the year ended December 31, 2016. c. Calculate the pricelearnings ratio for 2016 d. Calculate the dividend payout ratio for 2016. e. Calculate the dividend yield for 2016.

Explanation / Answer

Exercise: 11.2 Req a: Average inventory: (73000+78400)/2 =75,700 Inventory Turnover ratio = COGS / Average Inventory $ 292,000 / 75,700 = 3.86 times Req b: Inventory days in sales = Nnumbr of days *Ending Inventory /COGS 365 *78400 /292000 = 98 days Req c; Accounts receivable turnover: Sales / Average Accounts receivable Average Account receivable= 14600+16000 /2 = 15,300 Accounts receivable turnover= 365,000 /15300= 23.85 times Req d: Days sales in receivable: Number of days/ Sales * Ending Accounts rceivable 365 /365000 *16000 = 16 days

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