Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Solved Assignments
Asked Questions
Answered Questions
Laurel Electronics has a quick ratio of 1.15, current liabilities of $5,311,020, and inventories of $7,121,599. What is the firm's current ratio?
Lambda Corporation has current liabilities of $450,000, a quick ratio of 1.8, inventory turnover of 5.0, and a current ratio of 3.5. What is the cost of goods sold for Lambda Corporation?
Irrational, Inc., is obligated to pay its creditors $7,500 during the year. What is the value of the shareholders' equity if assets equal $8,700?
If Windemere Legal has an equity multiplier of 1.60, total asset turnover of 1.32, and a profit margin of 8 percent, what is its ROE?
If the Crash Davis Driving School has a 14.2 percent ROE and a 25 percent payout ratio, what is its sustainable growth rate?
Anderson inc has 5,000,0000 debt at 10% per year, sale of 10,000,000, a tax rate of 40% and a net profit margin of 6%, what is anderson's times interest earned ratio?
Kate Eden received a graduation present of $2,000 that she is planning on investing in a mutual fund that earns 8.5 percent each year. How much money can she collect in three years?
Grossman Enterprises has an equity multiplier of 2.6 times, total assets of $2,312,000, an ROE of 14.8 percent, and a total assets turnover of 2.8 times. Calculate the firm's sales and ROA.
Fyre, Inc., has sales of $625,000, costs of $260,000, depreciation expense of $79,000, interest expense of $43,000, and a tax rate of 35 percent. What is the net income for this firm?
Kaehler Enterprises earns 5% on an investment that pays back $80,000 at the end of each of the next 6 years. What is the amount Kaehler Enterprises invested to earn the 5% rate of return?
Financial ratio analysis is conducted by managers, equity investors, long-term creditors, and short-term creditors. What is the primary emphasis of each of these groups in evaluating ratios?
Explain why the quick ratio or acid-test ratio is a better measure of a firm's liquidity than the current ratio.
If his home-run-hitting ability is expected to grow by 12 percent every year for the following five years, how many home runs is he expected to hit in 2017?
Braam Fire Prevention Corp. has a profit margin of 8.70 percent. Total asset turnover of 1.45, and ROE of 18.67 percent. What is this firm's debt-equity ratio?
Days' Sales in Receivables a company has net income of $195,000, a profit margin of 9.40 percent, and an accounts receivable balance of $106,851. Assuming 75 percent of sales are on credit, what ar
How much must be contributed each year by Jesper Parnevik to provide a fund sufficient to retire the debt on March 1, 2016?
Cisco Systems had net income of $4.401 billion and, at year end, 6.735 billion shares outstanding. Calculate the earnings per share for the company.
Centennial Chemical Corp. has a gross profit margin of 31.4 percent on revenues of $13,144,680 and EBIT of $2,586,150. What are the company's cost of goods sold and operating profit margin?
SDJ, Inc., has net working capital of $l,570 current liabilities of $4,380, and inventory of $1,875. What is the current ratio? What is the quick ratio?
Janet Jackson will invest $30,000 today. She needs $222,000 in 21 years. What annual interest rate must she earn?
Bummel and Strand Corp. has a gross profit margin of 33.7 percent, sales of $47,112,365, and inventory of $14,595,435. What is its inventory turnover ratio?
If the expected rate of return for the market is not much greater than the risk-free rate of return, what is the general level of compensation for bearing systematic risk?
Breckenridge SkiCompany has total assets of $422,235,811 and a debt ratio of 29.5 percent. Calculate the company's debt-to-equity ratio and equity multiplier.
Bartlett's Pears has a profit margin of 7.5 percent on sales of $26,000,000. If the firm has debt of $9,500,000 and total assets of $19,000,000, what is the firm's ROA?
Assume that a corporation has $100,000 of taxable income from operations plus $5,000 of interest income and $10,000 of dividend income. What is the company's tax liability?