86 A firm has total assets with a current book value of $71,600, a current market value of $82,300, and a current replacement cost of $90,400 What is the value of Tobin's Q A 85 B 87 C 90 D 94 E 91 AACSB Analytic Accessibility Keyboard Navigation Blooms Apply Difficulty Basic Learning Objective 03 02 How to compute and, more importantly, interpret some common ratios Section 3 3 Ratio Analysis Topic Market value ratios 87 Dixie Supply has total assets with a current book value of $368,900 and a current replacement cost of $486,200 The market value of these assets is $464,800 What is the value of Tobin's Q A 79 B 76 C 96 D 1 26 E 1 05 AACSB Analytic Accessibility Keyboard Navigation Blooms Apply Difficulty Basic Learning Objective 03 02 How to compute and, more importantly, interpret some common ratios Section 3 3 Ratio Analysis Topic Market value ratios 88 Dandelion Fields has a Tobin's Q of 96 The replacement cost of the firm's assets is $225,000 and the market value of the firm's debt is $101,000 The firm has 20,000 shares of stock outstanding and a book value per share of $2 09 What is the market to book ratio A 2 75 times B 3 18 times C 3 54 times D 4 01 times E 4 20 times AACSB Analytic Accessibility Keyboard Navigation Blooms Apply Difficulty Intermediate Learning Objective 03 02 How to compute and, more importantly, interpret some common ratios Section 3 3 Ratio Analysis Topic Market value ratios 89 A firm has annual sales of $416,000, a price earnings ratio of 18, and a profit margin of 3 7 percent There are 12,000 shares of stock outstanding What is the price sales ratio A 97 B 67 C 1 08 D 1 15 E 86 AACSB Analytic Accessibility Keyboard Navigation Blooms Apply Difficulty Intermediate Learning Objective 03 02 How to compute and, more importantly, interpret some common ratios Section 3 3 Ratio Analysis Topic Market value ratios 90 Lassiter Industries has annual sales of $328,000 with 8,000 shares of stock outstanding The firm has a profit margin of 4 5 percent and a price sales ratio of 1 20 What is the firm's price earnings ratio A 21 9 B 17 4 C 18 6 D 26 7 E 24 3 AACSB Analytic Accessibility Keyboard Navigation Blooms Apply Difficulty Intermediate Learning Objective 03 02 How to compute and, more importantly, interpret some common ratios Section 3 3 Ratio Analysis Topic Market value ratios 91 Drive Up has sales of $31 4 million, total assets of $27 6 million, and total debt of $14 9 million The profit margin is 3 7 percent What is the return on equity A 6 85 percent B 9 15 percent C 11 08 percent D 13 31 percent E 14 21 percent AACSB Analytic Accessibility Keyboard Navigation Blooms Apply EOC 3 02 Learning Objective 03 02 How to compute and, more importantly, interpret some common ratios Section 3 3 Ratio Analysis Topic Profitability ratios 92 Corner Supply has a current accounts receivable balance of $246,000 Credit sales for the year just ended were $2,430,000 How many days on average did it take for credit customers to pay off their accounts during this past year A 44 29 days B 55 01 days C 55 50 days D 36 95 days E 41 00 days AACSB Analytic Accessibility Keyboard Navigation Blooms Apply EOC 3 03 Learning Objective 03 02 How to compute and, more importantly, interpret some common ratios Section 3 3 Ratio Analysis Topic Asset management ratios 93 BL Industries has ending inventory of $302,800 and cost of goods sold for the year just ended was $1 41 million On average, how long did a unit of inventory sit on the shelf before it was sold A 47 64 days B 22 18 days C 78 38 days D 61 78 days E 83 13 days AACSB Analytic Accessibility Keyboard Navigation Blooms Apply EOC 3 04 Learning Objective 03 02 How to compute and, more importantly, interpret some common ratios Section 3 3 Ratio Analysis Topic Asset management ratios 94 Coulter Supply has a total debt ratio of 46 What is the equity multiplier A 89 B 1 17 C 1 47 D 1 85 E 2 17 AACSB Analytic Accessibility Keyboard Navigation Blooms Apply EOC 3 05 Learning Objective 03 02 How to compute and, more importantly, interpret some common ratios Section 3 3 Ratio Analysis Topic Long term solvency ratios Please show explanation for all solutions

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86. A firm has total assets with a current book value of $71,600, a current market value of $82,300, and a current replacement cost of

86.

A firm has total assets with a current book value of $71,600, a current market value of $82,300, and a current replacement cost of $90,400. What is the value of Tobin's Q?

.85

.87

.90

.94

.91

AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply Difficulty: Basic Learning Objective: 03-02 How to compute and, more importantly, interpret some common ratios. Section: 3.3 Ratio Analysis Topic: Market value ratios

87.

Dixie Supply has total assets with a current book value of $368,900 and a current replacement cost of $486,200. The market value of these assets is $464,800. What is the value of Tobin's Q?

.79

.76

.96

1.26

1.05

88.

Dandelion Fields has a Tobin's Q of .96. The replacement cost of the firm's assets is $225,000 and the market value of the firm's debt is $101,000. The firm has 20,000 shares of stock outstanding and a book value per share of $2.09. What is the market to book ratio?

2.75 times

3.18 times

3.54 times

4.01 times

4.20 times

AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply Difficulty: Intermediate Learning Objective: 03-02 How to compute and, more importantly, interpret some common ratios. Section: 3.3 Ratio Analysis Topic: Market value ratios

89.

A firm has annual sales of $416,000, a price-earnings ratio of 18, and a profit margin of 3.7 percent. There are 12,000 shares of stock outstanding. What is the price-sales ratio?

.97

.67

1.08

1.15

.86

90.

Lassiter Industries has annual sales of $328,000 with 8,000 shares of stock outstanding. The firm has a profit margin of 4.5 percent and a price-sales ratio of 1.20. What is the firm's price-earnings ratio?

21.9

17.4

18.6

26.7

24.3

91.

Drive-Up has sales of $31.4 million, total assets of $27.6 million, and total debt of $14.9 million. The profit margin is 3.7 percent. What is the return on equity?

6.85 percent

9.15 percent

11.08 percent

13.31 percent

14.21 percent

AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply EOC: 3-02 Learning Objective: 03-02 How to compute and, more importantly, interpret some common ratios. Section: 3.3 Ratio Analysis Topic: Profitability ratios

92.

Corner Supply has a current accounts receivable balance of $246,000. Credit sales for the year just ended were $2,430,000. How many days on average did it take for credit customers to pay off their accounts during this past year?

44.29 days

55.01 days

55.50 days

36.95 days

41.00 days

AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply EOC: 3-03 Learning Objective: 03-02 How to compute and, more importantly, interpret some common ratios. Section: 3.3 Ratio Analysis Topic: Asset management ratios

93.

BL Industries has ending inventory of $302,800 and cost of goods sold for the year just ended was $1.41 million. On average, how long did a unit of inventory sit on the shelf before it was sold?

47.64 days

22.18 days

78.38 days

61.78 days

83.13 days

AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply EOC: 3-04 Learning Objective: 03-02 How to compute and, more importantly, interpret some common ratios. Section: 3.3 Ratio Analysis Topic: Asset management ratios

94.

Coulter Supply has a total debt ratio of .46. What is the equity multiplier?

.89

1.17

1.47

1.85

2.17

AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply EOC: 3-05 Learning Objective: 03-02 How to compute and, more importantly, interpret some common ratios. Section: 3.3 Ratio Analysis Topic: Long-term solvency ratios

Please show explanation for all solutions