Business, 17.12.2019 21:31 Dezidontcare3237
Kendra massey is trying to decide how to invest a recent windfall inheritance. because she considers herself a fashionista, her first thought was to look at two of her favorite stores, nordstrom and macy's. kendra visited each company's website and calculated the following ratios based on the financial statements she found there. she also found some industry averages to use as a comparison.
macy's
nordstrom
industry average
2015
2014
2015
2014
2015
2014
current ratio
1.34
1.69
1.04
1.87
1.90
1.70
acid-test ratio
0.29
0.53
0.27
1.12
0.50
0.60
accounts receivable turnover
55.2 times
65.2 times
11.3 times
5.9 times
40.8 times
56.4 times
average collection period
6.6 days
5.6 days
32.3 days
61.9 days
8.9 days
6.5 days
inventory turnover
3.02 times
3.07 times
4.99 times
5.15 times
3.20 times
4.10 times
average days to sell inventory
120.9 days
118.9 days
73.1 days
70.9 days
114.1 days
88.8 days
required
(a) which of the two companies has the stronger liquidity position?
(b) how do the companies' positions compare to the industry averages?
Answers: 2
Another question on Business
Business, 22.06.2019 01:20
As a project manager for a large construction company, shaun decided to make the performance appraisal process as painless as possible for his crew. he spent a considerable amount of time creating performance standards he felt were reasonable, and after six months' time, he scheduled individual appointments with each worker to discuss strengths and weaknesses and areas that needed improvement according to the standards he privately set. some employees were sent to vestibule training, and one even got a promotion with additional compensation. what did he fail to do correctly
Answers: 2
Business, 22.06.2019 05:00
Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.
Answers: 3
Business, 22.06.2019 20:00
Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:
Answers: 2
Business, 22.06.2019 20:10
Your sister is thinking about starting a new business. the company would require $375,000 of assets, and it would be financed entirely with common stock. she will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an roe of 13.5%. how much net income must be expected to warrant starting the business? a. $41,234b. $43,405c. $45,689d. $48,094e. $50,625
Answers: 3
You know the right answer?
Kendra massey is trying to decide how to invest a recent windfall inheritance. because she considers...
Questions
Computers and Technology, 15.02.2020 01:18
English, 15.02.2020 01:18
History, 15.02.2020 01:18
English, 15.02.2020 01:18
Biology, 15.02.2020 01:19
Mathematics, 15.02.2020 01:19
History, 15.02.2020 01:19
