question archive The following information relo Blanton Corporation: Income Statement information - for the year ending December 31, 2020: Net Sales $5,568,122 Cost of Goods Sold Interest expense Income tax expense Total operating expenses Balance sheet information - December 31: 3,122,248 248,256 685,442 1,100,000 Cash and short-term investments Accounts Receivable (net) nventories Prepaid Expenses and other current assets Current portion of long-term debt ccounts payable vidends Payable come taxes payable and payable åtement of Cash Flow information - for the year ending December 31, 2020: shFlows from Operating Activates sh Flows from Financing Activities 2020 $789,215 388,245 257,217 169,568 $181,672 288,286 354,216 412,423 978,456 2019 $621,842 442,268 242,258 293,139 $145,135 376,562 368,850 213,285 745,855 $964,268 1,282,523 uired: Use the above information to calculate the following for Blanton Corporation: -
The following information relo Blanton Corporation: Income Statement information - for the year ending December 31, 2020: Net Sales $5,568,122 Cost of Goods Sold Interest expense Income tax expense Total operating expenses Balance sheet information - December 31: 3,122,248 248,256 685,442 1,100,000 Cash and short-term investments Accounts Receivable (net) nventories Prepaid Expenses and other current assets Current portion of long-term debt ccounts payable vidends Payable come taxes payable and payable åtement of Cash Flow information - for the year ending December 31, 2020: shFlows from Operating Activates sh Flows from Financing Activities 2020 $789,215 388,245 257,217 169,568 $181,672 288,286 354,216 412,423 978,456 2019 $621,842 442,268 242,258 293,139 $145,135 376,562 368,850 213,285 745,855 $964,268 1,282,523 uired: Use the above information to calculate the following for Blanton Corporation: -
Subject:AccountingPrice: Bought3
The following information relo Blanton Corporation: Income Statement information - for the year ending December 31, 2020: Net Sales $5,568,122 Cost of Goods Sold Interest expense Income tax expense Total operating expenses Balance sheet information - December 31: 3,122,248 248,256 685,442 1,100,000 Cash and short-term investments Accounts Receivable (net) nventories Prepaid Expenses and other current assets Current portion of long-term debt ccounts payable vidends Payable come taxes payable and payable åtement of Cash Flow information - for the year ending December 31, 2020: shFlows from Operating Activates sh Flows from Financing Activities 2020 $789,215 388,245 257,217 169,568 $181,672 288,286 354,216 412,423 978,456 2019 $621,842 442,268 242,258 293,139 $145,135 376,562 368,850 213,285 745,855 $964,268 1,282,523 uired: Use the above information to calculate the following for Blanton Corporation: -. Operating Cash Flow to Current Liabilities ratio in 2020. (Comment on this result, is it good or bad, why?). . Day's inventory outstanding at the end of 2020.
