Question

1. Issac only has 690 dollrs tofay but needs 900 to buy a new laptop. how...

1. Issac only has 690 dollrs tofay but needs 900 to buy a new laptop. how long will he have to wait to buy the laptop if he earns 6.4 percent compounded annualy on his savings?

2.Wakers Inc has sales of 42 million, total assets of 26 million and total debt of 6 million. if the profit margin is 8%, what are the RoA and ROe respectively?

3. at the beginning of the year Jons company has current assets of 410 and current liabilities of 250z. at the end of the year, current asseets are 380 and the current liabilities are 190. what is the change in net working capital?



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Homework Answers

Answer #1

1

Future value = present value*(1+ rate)^time
900 = 690*(1+0.064)^Time
Time(in years) = 5.19

2

Profit margin% = Net income/sales
0.08 = Net income/42
Net income = 3.36

Equity = assets-debt = 26-6 = 20m

ROA = Net income/total Asset
ROA% = 3.36/26
ROA% = 12.92
ROE = Net income/total equity
ROE% = 3.36/20
ROE% = 16.8

3

At year start

Working capital = current assets-current liabilities
Working capital = 410-250
Working capital = 160

At year end

Working capital = current assets-current liabilities
Working capital = 380-190
Working capital = 190

Change = 190 -160 = 30

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