Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

All multiple choice questions needed. As of the 2015 fiscal year end (12/31/2015), Major Supplies, Inc. had 8,500,000 shares of stock outstanding and price per

image text in transcribed All multiple choice questions needed.
As of the 2015 fiscal year end (12/31/2015), Major Supplies, Inc. had 8,500,000 shares of stock outstanding and price per share as $10.57. What is the market-to-book ratio? A. 3.612 B. 5.065 C. 5.545 D. 5.944 E. 11.184 6. Russell's Deli has cash of $236, accounts receivable of $95, inventory of $209, accounts payable of $210, and accrued expenses of $30. Assume these are all the non-zero items listed under current assets and current liabilities on the balance sheet. What is the value of the quick ratio? A. 0.51 B. 0.58 C, 1.01 D. 1.10 E. 1.38 Billings, Inc. has net income of $160,000, a profit margin of 7.6 percent, and an accounts receivable balance of $127,000. Assume that all of the sales are on credit. What is the days' sales in receivables? A. 21.88 days B. 22.02 days C. 33.18 days D. 35.04 days E. 36.19 days 7. iable Batteries has sales of $807.200, tota percent. The firm has a total debt ratio of 78 percent. What is the A. 6.62 percent B. 15.71 percent C. 21.22 percent D. 37.38 percent E. 38.57 percent 8. Rel e Batteries has sales of $$07,.200, total assets of $1,105,100,and a proft margin of 1126 return on equity? is the average tax rate for a firm with taxable income of As of the 2015 fiscal year end (12/31/2015), Major Supplies, Inc. had 8,500,000 shares of stock outstanding and price per share as $10.57. What is the market-to-book ratio? A. 3.612 B. 5.065 C. 5.545 D. 5.944 E. 11.184 6. Russell's Deli has cash of $236, accounts receivable of $95, inventory of $209, accounts payable of $210, and accrued expenses of $30. Assume these are all the non-zero items listed under current assets and current liabilities on the balance sheet. What is the value of the quick ratio? A. 0.51 B. 0.58 C, 1.01 D. 1.10 E. 1.38 Billings, Inc. has net income of $160,000, a profit margin of 7.6 percent, and an accounts receivable balance of $127,000. Assume that all of the sales are on credit. What is the days' sales in receivables? A. 21.88 days B. 22.02 days C. 33.18 days D. 35.04 days E. 36.19 days 7. iable Batteries has sales of $807.200, tota percent. The firm has a total debt ratio of 78 percent. What is the A. 6.62 percent B. 15.71 percent C. 21.22 percent D. 37.38 percent E. 38.57 percent 8. Rel e Batteries has sales of $$07,.200, total assets of $1,105,100,and a proft margin of 1126 return on equity? is the average tax rate for a firm with taxable income of

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_2

Step: 3

blur-text-image_3

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 for Non Financial Managers

Authors: Pierre Bergeron

7th edition

176530835, 978-0176530839

More Books

Students also viewed these Finance questions

Question

=+ b. A change in weather patterns increases the depreciation rate.

Answered: 1 week ago