Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

12/31/2017 2017 Current Assets Sales Fixed Assets 38000 COGS 62000 Total Assets Depriciation 6000 EBIT Current Liabilities 8000 Interest Long Term Debt EBT Equity 17000

12/31/2017 2017
Current Assets Sales
Fixed Assets 38000 COGS 62000
Total Assets Depriciation 6000
EBIT
Current Liabilities 8000 Interest
Long Term Debt EBT
Equity 17000 Taxes 4000
Total Liabilities & Equity Net Income 6000
Dividends 4000 Stock Price 34
Capital Expenditures 9000 Shares Outstanding 4000
Current Ratio 1.5 Profit Margin 7.50%
Times Interest Earned 6 Total Asset Turnover 1.6

10. What is the firms Fixed Asset Turnover Ratio?

a) 1.25 b) 1.6 c) 1.8 d) 2.1

11. What is the firms Interest Expense?

a) 150 b) 200 c) 250 d) 300

12. What is the firms Price Earnings Ratio?

a) 8.5 b) 20 c) 22.67 d) 34

13. How much did the firm have in Fixed Assets at the end of the previous year (12/31/2016)?

a) 29,000 b) 32,000 c) 35,000 d) 41,000

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

Finance Theory And Practice

Authors: Anne Marie Ward

3rd Edition

1908199482, 978-1908199485

More Books

Students also viewed these Finance questions

Question

How can the servicescape be designed?

Answered: 1 week ago