Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 04 Aug 2017 My Price 7.00

Return on Assets

Use the following information to answer items 1-3: SHOW YOUR WORK

At December 31 a company's records show the following information:

Cash $10,000

Accounts Receivable 30,000

Inventory 80,000

Prepaid Insurance 6, 000

Long-term Assets 200,000

Accounts Payable 30,000

Notes Payable due in 10months 25,000

Wages Payable 5,000

Long-term Liabilities 70,000

Stockholders' (Owner's) Equity 196,000

1. Calculate the current ratio

2. Calculate the Debt to Equity ratio

3. Calculate the Return on Assets

Use the following information to answer items 4-5: SHOW YOUR WORK

For its most recent year a company had Sales (all on credit) of $830, 000 and Cost of Goods Sold of $525, 000. At the end of the year its Accounts Receivable were $86,000 and its Inventory was $110,000. Accounts Payable was $5,000 and Net Income was $42,000.

4. Calculate the Accounts Receivable Turn Days

5. Calculate the Inventory Turn days

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Aug 2017 10:08 PM My Price 7.00

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