Question
In: Accounting
The Shippecasse Company had a Current Ratio of 1:2. The Company paid a $10,000 cash dividend...
The Shippecasse Company had a Current Ratio of 1:2. The Company paid a $10,000 cash dividend to preferred shareholders that was previously declared. What is the effect of the payment journal entry on the current ratio and total stockholders' equity, respectively?
Select one:
a. Increase, Increase
b. Decrease, Decrease
c. Increase, No Effect
d. No Effect, Increase
e. Decrease, No Effect
Solutions
ekkarill92 answered 4 months agoRelated Solutions
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1 - Your company paid a dividend of $1. Three years later, the
current dividend is $1.20. What was the growth rate of the
dividend?
2 - Over the past year, a stock had a beta of 1.65. The stock
market will be going down 3% next month. What percentage can you
expect to do based on the beta?
given: (1)The current price of a stock is 30. (2)A dividend of 1 will be paid...
given:
(1)The current price of a stock is 30.
(2)A dividend of 1 will be paid 6 months from now.
(3)The one-year forward price is 30.9.
Calculate the continuously compounded risk-free annual rate of
interest.
1. Company A has a current ratio of 2, PE ratio of 12, debt ratio of...
1. Company A has a current ratio of 2, PE ratio of 12, debt
ratio of 25% and ROE of 8%. Its basic earnings power (EBIT/TA) is
20%. The company net income is $8000, and the tax rate is 40%. Find
ROA and Time Interest Earned (EBIT/Interest) Ratio.
2. If company B uses cash to pay down the account payable, what
will happen to its current ratio? (Please use numerical examples to
illustrate)
3. Company C adopts a new operation...
Stock price = $40, dividend paid =$2, EPS = $4, so : A. dividend payout ratio...
Stock price = $40, dividend paid =$2, EPS = $4, so :
A. dividend payout ratio =5%
b dividend yield =5%
c. dividend yield =50%
d. P-E=20
e None of the above
The Muise Company paid a dividend of $2 per share in year 1, andthat dividend...
The Muise Company paid a dividend of $2 per share in year 1, and
that dividend is expected to grow at a constant rate of 5% per year
in the future. The company's beta is 1.5, the market risk premium
is 5.00%, and the risk-free rate is 4.00%. What is the company's
current stock price, P0?
The Kretovich Company had a quick ratio of 0.8, a current ratio of 4.0, a days'...
The Kretovich Company had a quick ratio of 0.8, a current ratio
of 4.0, a days' sales outstanding of 36.5 days (based on a 365-day
year), total current assets of $920,000, and cash and marketable
securities of $95,000. What were Kretovich's annual sales? Do not
round intermediate calculations. Round your answer to the nearest
dollar.
The Kretovich Company had a quick ratio of 1.5, a current ratio of 4.0, a days'...
The Kretovich Company had a quick ratio of 1.5, a current ratio
of 4.0, a days' sales outstanding of 36.5 days (based on a 365-day
year), total current assets of $820,000, and cash and marketable
securities of $90,000. What were Kretovich's annual sales? Do not
round intermediate calculations. Round your answer to the nearest
dollar.
The Kretovich Company had a quick ratio of 0.8, a current ratio of 4.0, a days'...
The Kretovich Company had a quick ratio of 0.8, a current ratio
of 4.0, a days' sales outstanding of 36.0 days (based on a 365-day
year), total current assets of $870,000, and cash and marketable
securities of $95,000.
What were Kretovich's annual sales? Do not round intermediate
calculations. Round your answer to the nearest cent.
The Kretovich Company had a quick ratio of 1.1, a current ratio of 3.5, a days'...
The Kretovich Company had a quick ratio of 1.1, a current ratio
of 3.5, a days' sales outstanding of 32.0 days (based on a 365-day
year), total current assets of $630,000, and cash and marketable
securities of $115,000. What were Kretovich's annual sales? Do not
round intermediate calculations. Round your answer to the nearest
cent.
The Kretovich Company had a quick ratio of 1.2, a current ratio of 3.0, a days...
The Kretovich Company had a quick ratio of 1.2, a current ratio
of 3.0, a days sales outstanding of 36.5 days (based on a 365-day
year), total current assets of $795,000, and cash and marketable
securities of $130,000. What were Kretovich's annual sales? Do not
round intermediate calculations. Round your answer to the nearest
dollar.
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