Question
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)
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