Ba 350 Week 2 Assignment

BA 350 WEEK 2 ASSIGNMENT

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BA 350 Week 2 Assignment,

(3-3) Decrease in total asset turnover where no changes in sales occurred means that total assets increased. Since fixed assets remained the same, this means that only the current assets have increased. Since current ratio increased but quick ratio remained the same, this means that

3-6) While it makes sense to compare the financial ratios of the company with other firms that operate in the same industry, it can be misleading at times because even companies that operate in the same industries differ in several ways

Problems

(3-1)

Days Sales Outstanding (DSO) = Receivables/Ave Sales per day

Days Sales Outstanding (DSO) = Receivables/(Annual Sales/365 days)

20 days = Receivables / $20,000 per day

Receivables = $20,000 per day x 20 days

Receivables = $400,000

Balance Sheet

Cash $ 27,000 Accounts payable $ 90,000

Accounts receivable $ 45,000 Long-term debt $ 60,000

BA 350 Week 2 Assignment,

(3-3) Decrease in total asset turnover where no changes in sales occurred means that total assets increased. Since fixed assets remained the same, this means that only the current assets have increased. Since current ratio increased but quick ratio remained the same, this means that

3-6) While it makes sense to compare the financial ratios of the company with other firms that operate in the same industry, it can be misleading at times because even companies that operate in the same industries differ in several ways

Problems

(3-1)

Days Sales Outstanding (DSO) = Receivables/Ave Sales per day

Days Sales Outstanding (DSO) = Receivables/(Annual Sales/365 days)

20 days = Receivables / $20,000 per day

Receivables = $20,000 per day x 20 days

Receivables = $400,000

Balance Sheet

Cash $ 27,000 Accounts payable $ 90,000

Accounts receivable $ 45,000 Long-term...