Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,886,875; net fixed assets of $1,842,823; and long-term debt of $200,000. What is the amount of the firm's total current assets?
In: Finance
Smith, Inc., has sales of $17.2 million, total assets of $16.1 million, and total debt of $7.5 million. If the profit margin is 5%, what is net income? ROA? ROE? (10 Points)
(Use Excel and Excel Formulas)
In: Finance
| Return on Assets A fire has destroyed a large percentage of the financial records of the Excandesco Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 12.9 percent. Sales were $1,840,000, the total debt ratio was .37, and total debt was $673,000. What is the return on assets (ROA)? | ||||||
| Return on Equity | 12.90% | |||||
| Sales | $ 1,840,000.00 | |||||
| Total Debt Ratio | 0.37 | |||||
| Total Debt | $ 673,000.00 | |||||
| Return on Assets | ||||||
| 03.41 Growth and Assets A firm wishes to maintain an internal growth rate of 6.8 percent and a dividend payout ratio of 25 percent. The current profit margin is 7.3 percent and the firm uses no external financing sources. What must total asset turnover be? | ||||||
| Internal Growth Rate | 6.80% | |||||
| Dividend Payout Ratio | 25.00% | |||||
| Profit Margin | 7.30% | |||||
| Total Asset Turnover | ||||||
In: Finance
Rajan Company's most recent balance sheet reported total assets of $1.98 million, total liabilities of $0.76 million, and total equity of $1.22 million. Its Debt to equity ratio is:
0.47
0.38
1.61
0.62
1.00
In: Accounting
1. Based on your horizontal analysis of Choice Hotels' and Marriott International's total revenue, total expenses, and net income, which company would be a more attractive target for an acquisition by the equity firm and why?
2. Given the changes in total revenue, operating income, and net income from 2016 to 2017, did Choice Hotels or Marriott International experience more change? Which area (total revenue, operating income, or net income) changed most?
In: Finance
| Candidate A | Candidate B | Total | |
| No Degree | 60 | 17 | 77 |
| College Degree | 48 | 75 | 123 |
| Total | 108 | 92 | 200 |
1. Two hundred potential voters were randomly sampled and asked their voting intentions. All participants
could choose from 2 potential candidates and were also asked about their education. The results are presented
below.
108
92
200
Test whether there is an association between education and voter preference
α= 0.05.
In: Statistics and Probability
Selected financial information about Backpacking Resources, Inc., is as follows:
| Total assets | $20,000,000 |
| Total liabilities | $8,000,000 |
| Total preferred stock | $3,000,000 |
| Total annual preferred stock dividends | $210,000 |
| Net profits after tax | $1,000,000 |
| Number of shares of common stock outstanding | 400,000 shares |
| Current market price of common stock | $57.00 a share |
| Annual common stock dividends | $2.28 a share |
Using the company's financial information, compute the following:
A) Dividend yield. Round the answer to two decimal places. ________%
B) Book value per share. Round your answer to the nearest
cent.
$_________per share
C) Earnings per share. Round your answer to the nearest
cent.
$__________per share
D) P/E ratio. Round the answer to two decimal places.
__________times
In: Finance
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3. If your total assets equal $87,000 and your total liabilities equal $10,000, your solvency ratio is
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4. Which of the following are reasons people lease vehicles?
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5. What is the maximum amount a first-time home buyer who is not 59½ years old can withdraw from an IRA without penalty?
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In: Finance
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2018, the end of its fiscal year:
cash, $16,000
accounts receivable, $11,000
inventories, $25,000
equipment (net), $80,000
accounts payable, $14,000
wages payable, $9,000
interest payable, $1,000
note payable (due in 18 months), $30,000
common stock, $50,000
Calculate total current assets and total current liabilities that would appear in the company’s year-end balance sheet.
In: Accounting
4. When does a surface have its total hemispherical emissivity equal to its total hemispherical absorptivity for radiation coming from a blackbody?
A. When the surface temperature is equal to the temperature of the source of radiation
B. When the surface temperature is greater than the temperature of the source of radiation
C. When the surface temperature is less than the temperature of the source of radiation
D. When the surface temperature and the temperature of the source of radiation are equal to absolute zero
In: Mechanical Engineering