In: Finance
Answer the following questions:
1. Braam Fire Prevention Corp. has a profit margin of 8.70 percent, total asset turnover of 1.51, and ROE of 18.68 percent. What is its firm's debt-equity ratio?
2. Based only on the following information for Bennington Corp., did cash go up or down? By how much? |
Decrease in inventory | $430 |
Decrease in accounts payable | 190 |
Increase in notes payable | 720 |
Increase in accounts receivable | 290 |
3. For the year just ended, Ypsilanti Yak Yogurt shows an increase in its net fixed assets account of $585. The company took $170 in depreciation expense for the year. How much did the company spend on new fixed assets?
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