Question
11. Naronath & Co. has a DSO of 30 days, and its annual sales are $6,500,000. What is its accounts receivable balance? Assume that it
11. Naronath & Co. has a DSO of 30 days, and its annual sales are $6,500,000. What is its accounts receivable balance? Assume that it uses 365-day year. *
5 points
a) $17,808
b) $216,666
c) $534,247
d) $593,607
e) None of the above
12. ABC Co. has ROE of 20% and ROA of 10%. The equity multiplier for the company is: *
5 points
a) 1
b) 2
c) 3
d) 4
e) None of the above
13. ABC Co. has net income of $15,000 and sales of $150,000. The net profit margin ratio for the company is: *
8 points
a) 10%
b) 15%
c) 5%
d) 8.5%
e) None of the above
14. LSP Co. has current assets of $20,000 and current liabilities of $10,000. The current ratio for the company is: *
4 points
a) 1
b) 2
c) 3
d) 4
e) None of the above
15. You deposit $8,000 in a bank account today. You make another deposit of $14,000 into the account in year one and you make a third deposit of $10,000 in year two. The bank pays interest at 8 percent compounded annually. How much will you have in your account at the end of year 3? *
2 points
a) $37,207
b) $35,207
c) $39,207
d) $40,502
e) None of the above
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