Selected balances from a company's financial statements are shown below:
Merchandise inventory Accounts payable Salaries payable Accounts receivable Total assets Sales (all on credit) Cost of goods sold Salaries expense Other expenses Net income Dec. 31, 2013$15,00032,0004,40024,000234,000 Dec. 31, 2014$20,00026,0003,00021,000286,000 For the Year 2014 $312,000165,60048,00075,00024,000 Use the information above to calculate the following current year ratios:
(a) 2014 inventory turnover.
(b) Days' sales uncollected at Dec. 31, 2014.
(c) 2014 profit margin.
(d) 2011 return on total assets.
Navigate and utilize O*Net for accessing comprehensive occupational information.
Comprehend how to manage and interpret the extensive amount of career information available online.
Realize the role of the Bureau of Labor Statistics in providing occupational projections and relevant data.
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Definitions:
Histrionic Personality
A personality disorder characterized by a pattern of excessive emotionality and attention-seeking behavior.
Personality Traits
Enduring characteristics that describe a person’s typical thoughts, emotional responses, and behaviors.
Learned Characteristics
Traits or behaviors not inherent at birth but developed through interactions with the environment and experiences.
Inherited Characteristics
Traits or attributes passed from parents to their offspring through genes.