In: Accounting
P2-1 The following data apply to A.L. Kaiser & Company ($ million):
Cash and equivalents $100.00
Fixed assets $283.50 Sales $1,000.00
Net income $50.00
Quick ratio 2.0x
Current ratio 3.0x
DSO 40.0 days
ROE 12.0%
Kaiser has no preferred stock—only common equity, current liabilities, and long-term debt.
a. Find Kaiser’s....
(1) accounts receivable (A/R),
(2) current liabilities,
(3) current as¬sets,
(4) total assets,
(5) ROA,
(6) common equity,
(7) long-term debt.