Sixty (60) percent of Extreme Well Drillings assets are financed with common equity, which is the only
Question:
Sixty (60) percent of Extreme Well Drilling’s assets are financed with common equity, which is the only type of equity financing the company has. Extreme’s current ratio is 5.0, its total assets turnover is 4.0, current assets equal $150,000, and its sales equal $1,800,000. What amount of Extreme’s total liabilities is long term, and what amount is short term (current liabilities)?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
We are given assets financed with equity 60 Current ratio 50 Total assets turnover 4...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Horatios Hot Dogs current assets equal $260,000. The companys return on assets (ROA) is 4 percent, its net income is $140,000, its long-term debt equals $1,755,000, and 35 percent of its assets are...
-
Bartley Barstools has an equity multiplier of 2.4. The companys assets are financed with some combination of long-term debt and common equity. What is the companys debt ratio?
-
Vigo Vacations has an equity multiplier of 2.5. The companys assets are financed with some combination of long-term debt and common equity. What is the companys debt ratio?
-
Use the formula A= P(1+) to find the total amount of money accumulated for an initial investment $600 at 8% compounded semiannually after 7 years. Round to the nearest cent (in dollars and cents)....
-
The equilibrium constant for the reaction Q R is 25. (a) If 50 M of Q is mixed with 50 M of R, which way will the reaction proceed: to generate more Q or more R? (b) Calculate the equilibrium...
-
Using the data from Problem 14.13, calculate the sample coefficient of determination and test the significance of the population coefficient of determination using a = 0.05. AppendixLO1
-
Define a type of crisis situation and explain the actions a manager would take to resolve it.
-
Seven year ago, Goodwynn & Wolf incorporated sold a 20-year bond issue with a 14% annual coupon rate and a 9% call premium. Today, G&W called the bonds. The bonds originally were sold at were their...
-
Aikman Company paid dividends of $ 2 , 4 3 0 , $ 0 , $ 1 , 5 9 0 and $ 1 , 0 2 0 over the first four years of the company's existence, respectively. If Retained Earnings has an ending balance of $ 1...
-
Selecting Communication Channels Your Task. Using Figure, suggest the best communication channels for the following messages. Assume that all channels shown are available. Be prepared to explain your...
-
Fidos Dog Spas financial statements show that its total assets equal $100,000, its return on assets (ROA) is 3 percent, and its return on equity (ROE) is 5 percent. (a) Compute the companys net...
-
North/South Airlines generated the following information from its financial statements: (1) P/E ratio equals 15.0, (2) Common stock market price per share is $30, (3) Fixed assets turnover equals...
-
Determine whether w is in the column space of A, the null space of A, or both, where W= 1 -3 A = 7 -5 6-4 1 0-2 7 -3 7 1 -1 9 -11 -9 19
-
8.5 Area Between Curves (dy) Calculus-Calculator Allowed Mastery Check #2 Name: Date: Period: For 1-2, find the area of the region bounded by the following curves. Show the integral set up with...
-
Your company has a travel policy that reimburses employees for the "ordinary and necessary" costs of business travel. Employees often mix a business trip with pleasure by either extending the time at...
-
Simulation A: 1 Diameter 600 mm 2 Focal Length 1800 mm 3 F/D Ratio 3 4 Eyepieces 30 m 5 Barlow? N 6 Celestial Sights M42 - M31 - M51 Simulation B: 1 Diameter 150 mm 2 Focal Length 1800 mm 3 F/D Ratio...
-
Perpetual Inventory Control Record Description: M & B Supreme Date Purchase Received Issued Sales Units Unit Cost June 1 Balance forward 3 $10.00 4 2 6 8 9 $10.50 9 12 32 3 6 2 4 15 6 10 $11.00 18 20...
-
A rectangular footing of size 4m by 5m is founded at 2m below ground level in a uniform deposit of saturated clay. The footing is designed to support a total vertical load of 8000 kN inclusive of the...
-
Imagine rolling a fair, six-sided die 60 times. Draw a plausible graph of the distribution of die rolls. Should you use a bar graph or a histogram to display the data?
-
The first law of thermodynamics is sometimes whimsically stated as, You cant get something for nothing, and the second law as, You cant even break even. Explain how these statements could be...
-
Suppose today is January 2, 2019, and investors expect the annual risk-free interest rates in 2023 and 2024 to be: Currently a four-year Treasury bond that matures on December 31, 2022 has an...
-
Suppose today is January 2, 2019, and investors expect the annual inflation rates in 2019 through 2021 to be: To yield a real risk-free rate, r*, equal to 2 percent, what would the average nominal...
-
Today is January 2, 2019, and investors expect the annual risk-free interest rates in 2019 through 2021 to be: What is the yield to maturity for Treasury bonds that mature at the end of (a) 2020 (a...
-
During 20X1, its first year of operations, a company recorded depreciation expense of $50,000 for book purposes. For tax purposes during 20X1, $100,000 of depreciation expense was deducted. The...
-
Kapinsky Capital Geneva (B). Christoph Hoffeman of Kapinsky Capital believes the Swiss franc will appreciate versus the U.S. dollar in the coming 3-month period. He has $100,000 to invest. The...
-
In 2019, Sisca Corporation has sales of $150 million, and the cost of goods sold of $90 million. At the end of 2019, Sisca Corporation also has accounts receivable of $30 million, accounts payable of...
Study smarter with the SolutionInn App