Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers
1 answer:
You might be interested in
Answer:
amount of the net source $15
Explanation:
cash = $183
received amount = $392
inventory =$714
payable amounts =$463
current assest = (183+392+714)-463=$826
current liabilities =(167+682+409-447)=$811
cash = $167
received amount = $409
inventory =$682
payable amounts =$447
current liabilities =(167+682+409-447)=$811
Hence since current liabilities is more than current assests, therefore there will be loss of accounts
Hence source of cash= (826-811) = $15.
Answer:
1. 3 years
2. 3.375 years
3. The storage facility project
Explanation:
The payback period measures how long it takes for the amount invested in a project to be recouped from cummulative cash flows.
When there are more than 1 project to be chosen from, the project whose payback period is the least should be chosen.
Therefore, the storage facility project should be chosen.
Explanations on how the payback period is calculated can be found in the attached images. Please contact me if you need clarification.
I hope my answer helps you.
