Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.) Debt Ratio Vigo Vacations has $201 million in total assets, $5.3 million in notes payable, and $25.0 million in long-term debt. What is the

1.) Debt Ratio

Vigo Vacations has $201 million in total assets, $5.3 million in notes payable, and $25.0 million in long-term debt. What is the debt ratio? Round your answer to two decimal places. ____ %

2.) Market/Book Ratio

Winston Washers's stock price is $80 per share. Winston has $10 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3 billion in long-term debt, and $6 billion in common equity. It has 700 million shares of common stock outstanding. What is Winston's market/book ratio? Round your answer to two decimal places. Do not round intermediate calculations.

3.) Price/Earnings Ratio

Reno Revolvers has an EPS of $2.00, a cash flow per share of $4.45, and a price/cash flow ratio of 5.0. What is its P/E ratio? Round your answer to two decimal places.

4.) Needham Pharmaceuticals has a profit margin of 5% and an equity multiplier of 1.5. Its sales are $120 million and it has total assets of $44 million. What is its Return on Equity (ROE)? Round your answer to two decimal places. ____ %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

M Finance

Authors: Marcia Cornett, Troy Adair, John Nofsinger

3rd Edition

0077861779, 978-0077861773

More Books

Students also viewed these Finance questions