1. Pujols Lumber Yard has a current accounts receivable balance of $527,167. Credit sales for the year just ended were $5,938,261.

Requirement 1:

What is the receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Receivables turnover

times

Requirement 2:

What is the days sales in receivables? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Days sales in receivables

days

Requirement 3:

How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Average collection period

days

1. SDJ, Inc., has net working capital of $1,730, current liabilities of $5,140, and inventory of $2,170.

Requirement 1:

What is the current ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 3.16).)

Current ratio

times

Requirement 2:

What is the quick ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 3.16).)

Quick ratio

times

1. During the year, Belyk Paving Co. had sales of $2,600,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,535,000, $465,000, and $520,000, respectively. In addition, the company had an interest expense of $245,000 and a tax rate of 35 percent. Ignore any tax loss carryback or carryforward provisions. Belyk Paving Co. paid out $420,000 in cash dividends. If net capital spending was zero, no new investments were made in net working capital, and no new stock was issued during the year. (Enter your answer as directed, but do not round intermediate calculations.)

Required:

Calculate the firm's new long-term debt added during the year.

New long-term debt

$

1. The December 31, 2013, balance sheet of Schism, Inc., showed $120,000 in the common stock account and $2,120,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed $135,000 and $2,380,000 in the same two accounts, respectively. If the company paid out $135,000 in cash dividends during 2014. (Enter your answer as directed, but do not round intermediate calculations.)

Required:

What was the cash flow to stockholders for the year? (Negative amount should be indicated by a minus sign.)

Cash flow to stockholders

$