question archive Question 3 The following infomuc related to Blanton Corporation: Income Statement of nation - 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: 3,122248 248,256 685,442 1,100,000 Cash and short-term investments Accounts Receivable (net) Inventories Prepaid Expenses and other current assets Current portion of long-term debt Accounts payable Dwidends 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 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

Question 3 The following infomuc related to Blanton Corporation: Income Statement of nation - 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: 3,122248 248,256 685,442 1,100,000 Cash and short-term investments Accounts Receivable (net) Inventories Prepaid Expenses and other current assets Current portion of long-term debt Accounts payable Dwidends 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 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

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Question 3 The following infomuc related to Blanton Corporation: Income Statement of nation - 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: 3,122248 248,256 685,442 1,100,000 Cash and short-term investments Accounts Receivable (net) Inventories Prepaid Expenses and other current assets Current portion of long-term debt Accounts payable Dwidends 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 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 ahorn information to calculate the following for Blantanamoration CASILLOWS ID Financing Activities 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. (Comment on this result, is it the higher the better or vice versa? Why?). Note: Show your calculations clearly. For the toolbar, press ALT+F10 (PC or ALT+FN+F10 (Mac). B. U S Paragraph Arial 10pt TX ABZ31 0621 ? 1 V w w N ? ??L ES BE E E x² X? & - v +] M HE X E 11 HE 2 T 0 RE KY

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