Baxley Brothers has a DSO of 33 days, and its annual sales are $10,220,000. What is...

Baxley Brothers has a DSO of 33 days, and its annual sales are $10,220,000. What is its accounts receivable balance? Assume that it uses a 365-day year. Round your answer to the nearest dollar.

_____

Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $13 per share and it has 4.5 million shares outstanding. The firm's total capital is $140 million and it finances with only debt and common equity. What is its debt-to-capital ratio? Round your answer to two decimal places.

______

Henderson's Hardware has an ROA of 9%, a 8% profit margin, and an ROE of 23%.

What is its total assets turnover? Do not round intermediate calculations. Round your answer to two decimal places.

____

What is its equity multiplier? Do not round intermediate calculations. Round your answer to two decimal places.

_____

Solutions

Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

1. Braswell & Associates has a DSO of 27 days, and its annual sales are $6,200,000....

1. Braswell & Associates has a DSO of 27 days, and its annual sales are $6,200,000. What is its accounts receivable balance? Assume it uses a 365-day year. a. $167,400,000 b. $629 c. $344,130 d. $229,630 e. $458,630 2.A firm has a profit margin of 2.5 percent and an equity multiplier of 2. Its sales are $120 million and it has total assets of $30 million. What is its return on equity (ROE)? a. 1.25% b. 20.00% c. 32.00% d....

Ingraham Inc. currently has $560,000 in accounts receivable, and its days sales outstanding (DSO) is 55...

Ingraham Inc. currently has $560,000 in accounts receivable, and its days sales outstanding (DSO) is 55 days. It wants to reduce its DSO to 25 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 15%. What will be the level of accounts receivable following the change? Assume a 365-day year. Round your answer to the nearest cent.

Ingraham Inc. currently has $895,000 in accounts receivable, and its days sales outstanding (DSO) is 46...

Ingraham Inc. currently has $895,000 in accounts receivable, and its days sales outstanding (DSO) is 46 days. It wants to reduce its DSO to 20 days by pressuring more of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 15%. What will be the level of accounts receivable following the change? Assume a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent.

Medwig Corporation has a DSO of 45 days. The company averages $4,500 in sales each day...

Medwig Corporation has a DSO of 45 days. The company averages $4,500 in sales each day (all customers take credit). What is the company's average accounts receivable? Round your answer to the nearest dollar.

Medwig Corporation has a DSO of 22 days. The company averages $4,000 in sales each day...

Medwig Corporation has a DSO of 22 days. The company averages $4,000 in sales each day (all customers take credit). What is the company's average accounts receivable? Assume a 365-day year. Round your answer to the nearest dollar.

Medwig Corporation has a DSO of 20 days. The company averages $3,750 in sales each day...

Medwig Corporation has a DSO of 20 days. The company averages $3,750 in sales each day (all customers take credit). What is the company's average accounts receivable? Assume a 365-day year. Round your answer to the nearest dollar. $

Medwig Corporation has a DSO of 34 days. The company averages $7,250 in sales each day...

Medwig Corporation has a DSO of 34 days. The company averages $7,250 in sales each day (all customers take credit). What is the company's average accounts receivable? Round your answer to the nearest dollar.

Victoria has 3.2 mi. of accounts receivable and 5mi. of current assets. It’s DSO (days sales...

Victoria has 3.2 mi. of accounts receivable and 5mi. of current assets. It’s DSO (days sales outstanding in receivables) is 40 (based on a 365-day year), and it’s current ratio is 1.5. The firm plans to reduce its DSO to the industry average of 30 without causing a decline in sales. The resulting decrease in accounts receivable will free up cash that will be used to reduce current liabilities. If this plan succeeds, what will be the new current ratio?

A firm’s Days Sales Outstanding is 36.5 days. Its sales is $1,000,000. What is this firm’s...

A firm’s Days Sales Outstanding is 36.5 days. Its sales is $1,000,000. What is this firm’s Accounts Receivable balance (assume a 365 day year)?

Medwig Corporation has a DSO of 41 days. The company averages $2,000 in sales each day (all customers take credit).

Medwig Corporation has a DSO of 41 days. The company averages $2,000 in sales each day (all customers take credit). What is the company's average accounts receivable? Round your answer to the nearest dollar.

Subjects