ABC Company has the following financial information for
2018:
Total current assets: $2,200,000
Total current liabilities:...
ABC Company has the following financial information for
2018:
Total current assets: $2,200,000
Total current liabilities: $1,200,000
Cash: $300,000
Inventory: $1,000,000
Accounts Receivable: $800,000
Accounts Payable: $500,000
Net sales is $10,000,000
Variable cost (VCR) is 30% of sales
Cost of Goods Sold (COGS) at 40% of sales
Average daily cash flow $27,000
Standard deviation of cash flow is $40,000
Its ROE is 25%
Total earnings of $500,000, dividend payout of $150,000.
Its cost of capital is 7%
Line of credit...
A company has the following inputs:
Current ratio = 3.0
Quick ratio = 1.50
Current liabilities...
A company has the following inputs:
Current ratio = 3.0
Quick ratio = 1.50
Current liabilities = $800,000
Sales = $10 million (100% on credit)
Avg collection period = 36.5 days
Note: the only current assets that the company has on the books
include cash, AR, and inventory
Adieu Company reported the following current assets and current
liabilities for two recent years:
Dec. 31,...
Adieu Company reported the following current assets and current
liabilities for two recent years:
Dec. 31, 20Y4
Dec. 31, 20Y3
Cash
$830
$630
Temporary investments
1,200
1,500
Accounts receivable
820
950
Inventory
2,300
2,600
Accounts payable
1,900
2,200
a. Compute the quick ratio on December 31 for
each year. Round to one decimal place.
20Y4
20Y3
Quick Ratio
b. Is the quick ratio improving or
declining?
1.opal company has total assets of $700,000 and total
liabilities of $200,000 the company's debt- to...
1.opal company has total assets of $700,000 and total
liabilities of $200,000 the company's debt- to - equity ratio is
closest to:
0.50
0.20
0.40
0.29
2. kringle company a retailer had a cost of goods sold of
$1,400,000 last tear the beginning inventory balance was $125,000
and the ending inventory balance was $120,000 the company inventory
turnover ratio was closet to
11.43
11.20
10.49
11.60
3. the quick ratio
a.is generally lower than the current ratio
b.excluded inventories and...
1) RevCo has total assets of $346,200, net fixed assets of
$277,400, current liabilities of $16,100,...
1) RevCo has total assets of $346,200, net fixed assets of
$277,400, current liabilities of $16,100, and long-term liabilities
of $324,600. What is RevCo's total debt ratio? A) .98 B) .78 C) .67
D) .51 E) .14
2) Mint Ltd has sales of $938,300, cost of goods sold of
$764,500, and inventory of $223,600. How long on average does it
take the firm to sell its inventory? A) 101.75 days B) 4.68 days C)
159.01 days D) 16.40 days E)...
Financial statements for AAR Company appear below:
AAR Company
Balance Sheet
December 31
Current assets:
...
Financial statements for AAR Company appear below:
AAR Company
Balance Sheet
December 31
Current assets:
Cash and marketable securities
$21,000
Accounts receivable, net
160,000
Inventory
300,000
Prepaid expenses
9,000
Total current assets
490,000
Noncurrent assets:
Plant & equipment, net
810,000
Total assets
$1,300,000
Current liabilities:
Accounts payable
$75,000
Accrued liabilities
25,000
Notes payable, short term
100,000
Total current
liabilities
200,000
Noncurrent liabilities:
Bonds payable
300,000...
Which of the following is false?
Group of answer choices
Cashman chicken has current liabilities of...
Which of the following is false?
Group of answer choices
Cashman chicken has current liabilities of $350,000, a quick
ratio of 1.65, inventory turnover of 4.4, and a current ratio of
2.9. Then, the cost of goods sold is $1,925,000.
Harrison steel has a total debt to equity ratio of .90. Return
on assets is 8.5 percent, and total equity is $500,000. Then, the
net income is $80,750.
HCC Inc. has net income of $161,000, a net profit margin of...
A company entering liquidation has reported assets with a book
value of $200,000 and a liquidation...
A company entering liquidation has reported assets with a book
value of $200,000 and a liquidation value of $120,000, and
previously unreported software that it estimates it can sell for
$25,000. It has reported liabilities with a book value of $180,000,
and believes it is probable that it can negotiate the payments down
by 25%. The company's net assets, reported on its statement of net
assets in liquidation, are
A $(35,000)
B $20,000
C $(15,000)
D $(60,000)
Inho Corporation has...
A)The following items are reported on a
company’s balance sheet:
Cash $400,000 Marketable securities 50,000
Accounts...
A)The following items are reported on a
company’s balance sheet:
Cash $400,000 Marketable securities 50,000
Accounts receivable 150,000
Inventory 200,000
Accounts payable 250,000
Determine the (a) current ratio, and (b) quick ratio. Round your
answers to one decimal place.
a. Current ratio:
b. Quick ratio :
B) A company reports the following:
Income before income tax: $341,880
Interest expense: 77,700
Determine the number of times interest charges are earned. Round
your answer to one decimal place.
C) A company reports...
The financial statements of the company are shown
below:
The Company
Income Statement 2017
Sales
$...
The financial statements of the company are shown
below:
The Company
Income Statement 2017
Sales
$
10,050,000
Cost of Goods Sold
5,825,000
Depreciation Expense
580,000
Gross Profit
$
3,645,000
Selling and Administrative Expenses
2,950,000
EBIT
$
695,000
Interest Expense
275,000
Income before Tax
$
420,000
Taxes
272,000
Net Income
$
148,000
The Company
Comparative Balance Sheets
2017
2016
Cash
$
46,000
$
41,000
Accounts Receivable
647,000
675,000
Inventory
626,000
541,000
Total Current Assets
$
1,319,000
$
1,257,000
Fixed Assets
2,200,000...