question archive The following information related to Blanton Corporation Income Statement information for the year ending December 31
The following information related to Blanton Corporation Income Statement information for the year ending December 31
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The following information related to Blanton Corporation Income Statement information for the year ending December 31.2929 Not Sales Cost of Goods Sold Interest expense Income tax expense Total Operating expenses Balance sheet information. December 31 11122 2122241 2012 412 2012 5021542 142266 Cash and short-term investments Accounts Receivable (net) Inventories Prepaid Expenses and other current assets Current portion of long-term debt Accounts payable Dividonds Payablo Income taxes payable Bond payable Statement of Cash Flow information for the year ending December 31, 2020: Cash Flows from Operating Activates Cash Flows from Financing Activities 2020 5780215 388205 257211 169.58 1812672 206216 254 216 312,423 203 15 145.13 37062 2000 2132 T45 SS 5664 260 1282522 equired: Use the above information to calculate the following for Banton Corporation 1. Operating Cash Flow to Current Liabilities ratio in 2020. (Comment on this results it good or bad, why? 2. Day's inventory outstanding at the end of 2020 3. Days accounts payable outstanding at the end of 2020 4.2020 accounts payable Turnover ratio 5. Interest Coverage Ratio at the end of 2020. (Comment on this result, is it the higher the better or vice versa? Why Note: Show your calculations clearly. the toolbar.press ALT F10 (PC) or ALTFN+F10(Mac) The following information related to Blanton Corporation Income Statement information for the year ending December 31, 2020: Net Sales Cost of Goods Sold Interest expenso income tax expenso Total operating expenses Balance sheet information - December 31 $5.568 12 2.122 24 240,24 68544 1.700.00 Cash and short-term investments Accounts Receivable (not) Inventorios Prepaid Expenses and other current assets Current portion of long-term debt Accounts payable Dividends Payable Income taxes payable Bond payable Statement of Cash Flow information for the year ending December 31, 2020: Cash Flows from Operating Activates Cash Flows from Financing Activitios 2020 $789.215 388,245 257,217 169,588 181,672 288, 280 254,216 312,423 978,458 2019 5621,842 442,268 242,258 293,139 145,135 370,562 268,650 213,285 745,655 $664 26 1.202,59 Required: Use the above information to calculate the following for Blanton Corporation 1. Operating Cash Flow to Current Liabilities ratio in 2020. (Comment on this result is it good or bad, why?) 2. Day's inventory outstanding at the end of 2020, 3. Days accounts payable outstanding at the end of 2020 4.2020 accounts payable Turnover ratio 5. Interest Coverage Ratio at the end of 2020 (Commont on this result, is it the higher the better or vion versa? Why?) Note: Show your calculations clearly For the toolbar, press ALT+F10 (PC) or ALTHIN (Mod
