Question
1. What is Current Ratio 2. what are the Days sales outstanding (days sales in receivables) 3. what is the Cash Ratio 4. what is
1. What is Current Ratio
2. what are the Days sales outstanding (days sales in receivables)
3. what is the Cash Ratio
4. what is the Inventory Turnover
| Tiger Inc: December 31 Balance Sheets (Thousands of Dollars) | Tiger Inc December 31 Income Statements (Thousands of Dollars) | |||
| Assets | 2019 | 2019 | ||
| Cash and cash equivalents | $20,000 | Sales | $425,000 | |
| Accounts Receivable | 52,500 | COGS | 327,000 | |
| Inventories | 87,750 | Depreciation and Amortization | 17,480 | |
| Total current assets | $160,250 | EBIT | $80,520 | |
| Net fixed assets | 218,500 | Interest Expense | 5,740 | |
| Total assets | $378,750 | EBT | $74,780 | |
| Liabilities and equity | Taxes (40%) | 29,912 | ||
| Accounts payable & accruals | $66,000 | Net Income | $44,868 | |
| Line of credit | 0 | Common Dividends | $18,125 | |
| Total current liabilities | $66,000 | Addition to Retained Earnings | $26,743 | |
| Long-term debt | 67,500 | |||
| Total liabilities | $133,500 | |||
| Common stock | 183,175 | |||
| Retained Earnings | 62,075 | |||
| Total common equity | $245,250 | |||
| Total liabilities and equity | $378,750 | |||
| Other Data | ||||
| 2019 | ||||
| Exp. Sales growth rate | 11.00% | |||
| Interest rate on LT debt | 7.00% | |||
| Interest rate on LOC | 5.00% | |||
| Dividend growth rate | 9.00% | |||
| Tax rate | 40% | |||
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
