Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1.Assume a company has the following account balances: Cash ($5,000); Accounts Receivable ($11,000); Inventory ($24,000); Accounts Payable ($6500) Acccruals ($2000); Long term Debt ($25000). What
1.Assume a company has the following account balances: Cash ($5,000); Accounts Receivable ($11,000); Inventory ($24,000); Accounts Payable ($6500) Acccruals ($2000); Long term Debt ($25000). What is the firm's QUICK RATIO? 2.PQR, Inc. uses $ 1.2 Million in Total Assets to support it current operations. Its capital structure is $ 700,000 Debt and $ 150,000 in Common Stock and $ 350,00 in Retained Earmings. What is the firm's EQUITY MULTIPLIER? 3.Madrigal, Inc. had the following Income Statement for the period ending December 31, 2012: SALES 4,507 Less: CGS 2,333 GROSS PROFIT 1,874 Less: DEPN 952 EBIT 922 Less: INTEREST 196 EBT 726 Less: TAXES @ 35% 254 NI 472 What was its OPERATING CASH FLOW (OCF) for the period
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started