Question

A firm has $61,300 in receivables and $391,400 in total assets. The firm has a total...

A firm has $61,300 in receivables and $391,400 in total assets. The firm has a total asset turnover rate of 1.4 and a profit margin of 6.3 percent. What is the days’ sales in receivables?

Peter Inc. has sales of $489,700. Earnings before interest and taxes are equal to 16 percent of sales. For the period, the firm paid $5,200 in interest. The tax rate is 28 percent. What is the profit margin?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A firm has $61,300 in receivables and $391,400 in total assets. The firm has a total...
A firm has $61,300 in receivables and $391,400 in total assets. The firm has a total asset turnover rate of 1.4 and a profit margin of 6.3 percent. What is the days’ sales in receivables? Peter Inc. has sales of $489,700. Earnings before interest and taxes are equal to 16 percent of sales. For the period, the firm paid $5,200 in interest. The tax rate is 28 percent. What is the profit margin?
A. A firm has $12,900 in receivables and $411,800 in total assets. The total asset turnover...
A. A firm has $12,900 in receivables and $411,800 in total assets. The total asset turnover rate is 1.95 and the profit margin is 14.2 percent. How long on average does it take the firm to collect its receivables? Group of answer choices ​11.43 days ​5.86 days ​31.92 days ​80.52 days ​62.25 days ​B. Cross Hairs Gun Shop has sales of $12,189,000, a profit margin of 2.8 percent, and a capital intensity ratio of 0.49. What is the return on...
Lansing Incorporated has $16,197 in total assets, depreciation of $2,179, and interest of $3,128. The total...
Lansing Incorporated has $16,197 in total assets, depreciation of $2,179, and interest of $3,128. The total asset turnover rate is 1.8. Earnings before interest and taxes is equal to 35 percent of sales. What is the cash coverage ratio?
A firm has been experiencing low profitability in recent years. Perform an analysis of the firm's...
A firm has been experiencing low profitability in recent years. Perform an analysis of the firm's financial position using the DuPont equation. The firm has no lease payments but has a $1 million sinking fund payment on its debt. The most recent industry average ratios and the firm's financial statements are as follows: Industry Average Ratios Current ratio 2 × Fixed assets turnover 6 × Debt-to-capital ratio 17 % Total assets turnover 3 × Times interest earned 5 × Profit...
1. Firestone company has EBIT of $10,350 and NI of $2,528.50. The tax rate is 35%....
1. Firestone company has EBIT of $10,350 and NI of $2,528.50. The tax rate is 35%. What is the Interests coverage ratio? 2. If the days of sales in inventory for British company is 31 days and the days of sales outstanding is 22 days. What is the inventory turnover rate? 3. If the average selling period for American Eagle company is 85 days, and the cost of goods sold for the year are $1,250,000. What is the average value...
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 firm has been experiencing low profitability in recent years. Perform an analysis of the firm's...
A firm has been experiencing low profitability in recent years. Perform an analysis of the firm's financial position using the DuPont equation. The firm has no lease payments but has a $3 million sinking fund payment on its debt. The most recent industry average ratios and the firm's financial statements are as follows: Industry Average Ratios Current ratio 3.21x Fixed assets turnover 5.38x Debt-to-capital ratio 19.99% Total assets turnover 2.87x Times interest earned 2.92x Profit margin 2.07% EBITDA coverage 4.03x...
Vintage, Inc. has a total asset turnover of 0.64 and a net profit margin of 3.23...
Vintage, Inc. has a total asset turnover of 0.64 and a net profit margin of 3.23 percent. The total assets to equity ratio for the firm is 2.0. Calculate Vintage’s return on equity.
A firm has total asset turnover of 1.25. All assets and accounts payable vary directly with...
A firm has total asset turnover of 1.25. All assets and accounts payable vary directly with sales. Debt and equity do not vary with sales. Current sales are $1,000 and are expected to grow 10% over the year. Accounts payable are 1% of assets. The firm’s net profit margin is 6% and it expects to pay dividends in the amount of $10. Calculate the firm’s External Financing Need
1) Coventry Comfort, Inc. has equity of $168,500, total assets of $195,000, net income of $63,000,...
1) Coventry Comfort, Inc. has equity of $168,500, total assets of $195,000, net income of $63,000, and dividends of $37,800. Calculate the sustainable growth rate?          2) Delta Ice has a profit margin of 8.3 percent and a payout ratio of 42 percent. The firm has annual sales of $386,400, current liabilities of $37,200, long-term debt of $123,800, and net working capital of $16,700, and net fixed assets of $391,500. No external equity financing is possible. What is the internal growth...