Questions
Nineteen Measures of The ability of a firm to pay its debts as they come due.Solvency...

Nineteen Measures of The ability of a firm to pay its debts as they come due.Solvency and The ability of a firm to earn income.Profitability

The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $71 on December 31, 2016.

Blige Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 2016 and 2015
    2016     2015
Retained earnings, January 1 $2,474,150 $2,101,950
Add net income for year 570,000 430,500
Total $3,044,150 $2,532,450
Deduct dividends
On preferred stock $7,000 $7,000
On common stock 51,300 51,300
Total $58,300 $58,300
Retained earnings, December 31 $2,985,850 $2,474,150


Blige Inc.
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015
    2016     2015
Sales $3,288,585 $3,025,500
Sales returns and allowances 16,360 10,630
Sales $3,272,225 $3,014,870
Cost of goods sold 1,165,080 1,071,870
Gross profit $2,107,145 $1,943,000
Selling expenses $690,680 $861,540
Administrative expenses 588,355 505,990
Total operating expenses 1,279,035 1,367,530
Income from operations $828,110 $575,470
Other income 43,590 36,730
$871,700 $612,200
Other expense (interest) 224,000 123,200
Income before income tax $647,700 $489,000
Income tax expense 77,700 58,500
Net income $570,000 $430,500


Blige Inc.
Comparative Balance Sheet
December 31, 2016 and 2015
    Dec. 31, 2016     Dec. 31, 2015
Assets
Current assets
Cash $638,430 $599,200
Temporary investments 966,270 992,970
Accounts receivable (net) 613,200 576,700
Inventories 467,200 365,000
Prepaid expenses 120,775 119,840
Total current assets $2,805,875 $2,653,710
Long-term investments 1,820,240 1,046,746
Property, plant, and equipment (net) 3,080,000 2,772,000
Total assets $7,706,115 $6,472,456
Liabilities
Current liabilities $850,265 $1,388,306
Long-term liabilities
Mortgage note payable, 8%, due 2021 $1,260,000 $0
Bonds payable, 8%, due 2017 1,540,000 1,540,000
Total long-term liabilities $2,800,000 $1,540,000
Total liabilities $3,650,265 $2,928,306
Stockholders' Equity
Preferred $0.7 stock, $50 par $500,000 $500,000
Common stock, $10 par 570,000 570,000
Retained earnings 2,985,850 2,474,150
Total stockholders' equity $4,055,850 $3,544,150
Total liabilities and stockholders' equity $7,706,115 $6,472,456

Required:Determine the following measures for 2016, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year.

Number of days' sales in receivables days
6. Inventory turnover
7. Number of days' sales in inventory days
8. Ratio of fixed assets to long-term liabilities
9. Ratio of liabilities to stockholders' equity
10. Number of times interest charges are earned
11. Number of times preferred dividends are earned
12. Ratio of sales to assets
13. Rate earned on total assets %
14. Rate earned on stockholders' equity %
15. Rate earned on common stockholders' equity %
16. Earnings per share on common stock $
17. Price-earnings ratio
18. Dividends per share of common stock $
19. Dividend yield %

In: Accounting

The marketing manager has recently completed a sales forecast. She believes the company’s sales will increase...

The marketing manager has recently completed a sales forecast. She believes the company’s sales will increase by 1 percent each month over the previous month’s sales from December 2015 through March 2016. Then sales are expected to remain constant for several months. Helping Hand’s projected balance sheet as of December 31, 2015 is as follows: Cash $ 60,000 Accounts receivable 172,530 Marketable securities 10,000 Inventory 39,784 Buildings and equipment (net of accumulated depreciation) 600,000 Total assets $ 882,314 Accounts payable $ 111,940 Sales commissions payable 4,040 Bond interest payable 8,000 Property taxes payable 0 Bonds payable (4%; due in 2020) 600,000 Common stock 100,000 Retained earnings 58,334 Total liabilities and stockholders' equity $ 882,314 The following information has been accumulated to assist with preparing the master budget for the first quarter of 2016: 1) Projected sales for November 2015 are $200,000. Credit sales are typically 90% of total sales.

5).Helping Hand’s credit experience indicates that 13% of credit sales are collected during the month of sale, 75% in the month following the sale, and 10% in the second month following the sale. Experience shows the remaining credit sales are uncollectible. 2 Helping Hand’s board of directors has indicated an intention to declare and pay dividends of $150,000 on the last day of each quarter. 6) The interest on any short-term borrowing will be paid when the loan is repaid. Interest on Helping Hand’s bonds is paid semiannually on February 28 and August 31 for the preceding sixmonth period. 7) Property taxes are paid quarterly on March 31, June 30, September 30, and December 31 for the preceding three-month period. Required: Build a model to forecast Helping Hand Corp’s cash balance at March 31, 2016. Your model must contain the following master budget schedules. Round all amounts to the nearest dollar. Your model should allow you to change any of the assumptions provided above and easily recalculate the ending cash balance at March 31, 2016. The assumptions may be on a separate worksheet but all of the schedules below must be on one worksheet. 1) Sales budget: 2015 2016 November December January February March 1st Quarter Total sales Cash sales Sales on account 2) Cash receipts budget: 2016 January February March 1st Quarter Cash sales Cash collections from credit sales made during current month Cash collections from credit sales made during preceding month Cash collections from credit sales made during 2nd preceding month Total cash receipts 3) Purchases budget: 2015 2016 December January February March 1st Quarter Budgeted cost of goods sold Add: Desired ending inventory Total goods needed Less: Expected beginning inventory Purchases 4) Cash disbursements budget: 2016 January February March 1st Quarter Inventory purchases: Cash payments for purchases during the current month Cash payments for purchases during the preceding month Total cash payments for inventory purchases Other expenses: Sales salaries Advertising and promotion Administrative salaries Interest on bonds Property taxes Sales commissions Total cash payments for other expenses Total cash disbursements

In: Accounting

In an momentum experiment involving the collision of two metal balls.... one at rest and the...

In an momentum experiment involving the collision of two metal balls.... one at rest and the other that has an initial velocity moving in a projectile path, how would you determine the maximum height of the ball that is hit? Also, how do you find the velocity of the projectile (initially moving) ball just after the collision? Thanks!

In: Physics

A genetic experiment with peas resulted in one sample of offspring that consisted of 409 green...

A genetic experiment with peas resulted in one sample of offspring that consisted of 409 green peas and 159 yellow peas.a. Construct a 90% confidence interval to estimate of the percentage of yellow peas.b. It was expected that? 25% of the offspring peas would be yellow. Given that the percentage of offspring yellow peas is not? 25%, do the results contradict? expectations?

In: Statistics and Probability

One way to discover promoters is through an experiment called RNA polymerase protection assay, in which...

One way to discover promoters is through an experiment called RNA polymerase protection assay, in which RNA polymerase binds to a gene, is cross-linked to the DNA, and then the DNA is subjected to fragmentation, which breaks apart any DNA that is not protected by cross-linked protein. Explain why this would help to identify promoters in genes.

In: Biology

The authors state that M. cardinalis evolved “from an insect-pollinated ancestor likely to have resembled the...

The authors state that M. cardinalis evolved “from an insect-pollinated ancestor likely to have resembled the extant M. lewisii.” Given this statement, briefly describe what this experiment tells us about the impacts of this allele on prezygotic reproductive isolation between these two species of wildflower. (Just a few sentences, nothing fancy!)

In: Biology

The electrophoretic mobility shift assay (EMSA) experiment demonstrated the very powerful technique for determining protein-DNA interactions....

The electrophoretic mobility shift assay (EMSA) experiment demonstrated the very powerful technique for determining protein-DNA interactions. For this purpose the EMSA can be used qualitatively to

a. identify unknown DNA molecules.

b. detect DNA - RNA interactions.

c. identify specific transcriptional or co-transcriptional factors.

d. identify isoenzymes.

In: Biology

Different states and counties are in the process of relaxing non-pharmaceutical interventions (i.e. social distancing) for...

  1. Different states and counties are in the process of relaxing non-pharmaceutical interventions (i.e. social distancing) for the COVID-19 response. Please explain how you would setup a natural experiment to measure the effectiveness of different non-pharmaceutical interventions. Please write a hypothesis and how you would test the hypothesis. explain briefly

In: Statistics and Probability

2. Propose a simple laboratory study to investigate the ability of coral populations to ‘respond to...

2. Propose a simple laboratory study to investigate the ability of coral populations to ‘respond to environmental change’ items 4 & 5 (phenotypic plasticity & adaptive evolution).

As a follow up to your experiment, imagine that you are collaborating with a marine invertebrate geneticist. What would you ask them to investigate with respect to coral genomes?

In: Biology

4. The experiment is to draw a card from a standard deck of cards. Consider the...

4. The experiment is to draw a card from a standard deck of cards. Consider the following events: Q = drawing a Queen R = drawing a red card

a. Are Q and R mutually exclusive? Clearly explain.

b. Find P(Q) and P(Q|R).

c. Are the events Q and R independent? Clearly explain.

In: Statistics and Probability