Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Soaring Eagles Corp. has total current assets of $11,232,000, current liabilities of $5,680,000 and a quick ratio of 0.87. What is its level of

1. Soaring Eagles Corp. has total current assets

of $11,232,000, current liabilities of $5,680,000 and a quick ratio of 0.87.

What is its level of inventory?

2. The Timber Ridge Company has the following relationships:

Sales/Total assets = 2.37;ROA = 0.1150

Whatis Timber Ridges net profit margin?

3. JP Vineyards has sales of $869,000, a gross profit margin of 0.356, and inventory of $171,000. What is the company's inventory turnover ratio?

4. Blue Air Inc., has net sales of $764,000 and accounts receivables of $161,000. What are the firm's accounts receivables turnover?

5. Archware Systems has total assets of $35.594 billion, total debt of $9.678 billion, and net sales of $22.900 billion. Their net profit margin for the year was 0.23, while the operating profit margin was 30 percent. Whatis Archwares net income? (Answer needs to be stated in billions. For example: 2.83)

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

Analysis for Financial Management

Authors: Robert C. Higgins

12th edition

1259918963, 9781260140729 , 978-1259918964

More Books

Students also viewed these Finance questions