Question
1a. Greene Sisters has a DSO of 26 days. The company's average daily sales are $20,000. What is the level of its accounts receivable? Assume
1a. Greene Sisters has a DSO of 26 days. The company's average daily sales are $20,000. What is the level of its accounts receivable? Assume there are 365 days in a year.
1b. Vigo Vacations has $199 million in total assets, $5.0 million in notes payable, and $25.5 million in long-term debt. What is the debt ratio? Round your answer to two decimal places.
1c. Winston Washers's stock price is $85 per share. Winston has $10 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3 billion in long-term debt, and $6 billion in common equity. It has 700 million shares of common stock outstanding. What is Winston's market/book ratio? Round your answer to two decimal places. Do not round intermediate calculations.
1d. Reno Revolvers has an EPS of $2.40, a cash flow per share of $2.75, and a price/cash flow ratio of 9.0. What is its P/E ratio? Round your answer to two decimal places.
1e. Needham Pharmaceuticals has a profit margin of 5.5% and an equity multiplier of 2.2. Its sales are $110 million and it has total assets of $54 million. What is its Return on Equity (ROE)? Round your answer to two decimal places.
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