Balotti S.A. revenue decreased from $250,000 to $220,000. The
firm's current assets did not change constant....
Balotti S.A. revenue decreased from $250,000 to $220,000. The
firm's current assets did not change constant. Given this
information, which one of the following statements must be
true?
The collection period decreased.
The total asset turnover rate increased.
The fixed asset turnover decreased.
The days' sales in receivables decreased.
The inventory turnover rate increased.
Cleon’s, has sales of $47,000, current assets of $5,100, current
liabilities of $6,200, net fixed assets...
Cleon’s, has sales of $47,000, current assets of $5,100, current
liabilities of $6,200, net fixed assets of $51,500, and a profit
margin of 3 percent. The firm has no long-term debt and does not
plan on acquiring any, therefore, there are no interest expenses.
The firm does not pay taxes nor pay any dividends. Sales are
expected to increase by 5 percent next year. If all assets,
short-term liabilities, and costs vary directly with sales, how
much additional equity financing...
Cleon’s, has sales of $47,000, current assets of $5,100, current
liabilities of $6,200, net fixed assets...
Cleon’s, has sales of $47,000, current assets of $5,100, current
liabilities of $6,200, net fixed assets of $51,500, and a profit
margin of 3 percent. The firm has no long-term debt and does not
plan on acquiring any, therefore, there are no interest expenses.
The firm does not pay taxes nor pay any dividends. Sales are
expected to increase by 5 percent next year. If all assets,
short-term liabilities, and costs vary directly with sales, how
much additional equity financing...
Cleon’s, has sales of $47,000, current assets of $5,100, current
liabilities of $6,200, net fixed assets...
Cleon’s, has sales of $47,000, current assets of $5,100, current
liabilities of $6,200, net fixed assets of $51,500, and a profit
margin of 5 percent. The firm has no long-term debt and does not
plan on acquiring any, therefore, there are no interest expenses.
The firm does not pay taxes nor pay any dividends. Sales are
expected to increase by 4 percent next year. If all assets,
short-term liabilities, and costs vary directly with sales, how
much additional equity financing...
A firm has sales of $63,000, current assets of $13,000, current
liabilities of $14,500, net fixed...
A firm has sales of $63,000, current assets of $13,000, current
liabilities of $14,500, net fixed assets of $74,000, and a profit
margin of 7.50%. The firm has no long-term debt and does not plan
on acquiring any. The firm does not pay any dividends. Sales are
expected to increase by 4% next year. If all assets, short-term
liabilities, and costs vary directly with sales, how much
additional equity financing is required for next year?
A. $4,914
B. $2,000
C....
CCC currently has sales of $28,000,000 and projects sales of
$39,200,000 for next year. The firm's...
CCC currently has sales of $28,000,000 and projects sales of
$39,200,000 for next year. The firm's current assets equal
$7,000,000 while its fixed assets are $6,000,000. The best estimate
is that current assets will rise directly with sales while fixed
assets will rise by $300,000. The firm presently has $3,500,000 in
accounts payable, $2,100,000 in long-term debt, and $7,400,000 in
common equity. All current liabilities are expected to change
directly with sales. CCC plans to pay $1,000,000 in dividends next...
Balance Sheet
Current assets
Cash 1,100,000
Acc receivable not given
Inventories 1,390,000
Fixed assets 4,160,000
TOTAL...
Balance Sheet
Current assets
Cash 1,100,000
Acc receivable not given
Inventories 1,390,000
Fixed assets 4,160,000
TOTAL ASSETS 7,300,000
Current liabilities
Acc payable not given
Long-term debt 2,200,000
Common stock 800,000
Retained earnings 3,100,000
TOTAL LIAB and EQUITY 7,300,000
Income Statement
Sales 14,600,000
Operating expense 12,410,000
EBIT 2,190,000
Interest expense 242,000
EBT 1,948,000
Taxes 779,000
Net income 1,169,000
What is the firm's quick ratio?
What is the firm's quick ratio?
A.0.92
B.2.62
C.2.08
D.0.51
E.1.46
CCC currently has sales of $28,000,000 and projects sales of
$39,200,000 for next year. The firm's...
CCC currently has sales of $28,000,000 and projects sales of
$39,200,000 for next year. The firm's current assets equal
$9,000,000 while its fixed assets are $8,000,000. The best estimate
is that current assets will rise directly with sales while fixed
assets will rise by $500,000. The firm presently has $3,600,000 in
accounts payable, $1,800,000 in long-term debt, and $11,600,000 in
common equity. All current liabilities are expected to change
directly with sales. CCC plans to pay $1,000,000 in dividends next...