P2-1 The following data apply to A.L. Kaiser & Company ($ million): Cash and equivalents $100.00...

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.

Solutions

Expert Solution

ekkarill92 answered 9 months ago

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