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Answer follow questions: a. Jovin Capital Inc has a debt ratio of .57, current liabilities of RM14,000, and total assets of RM70,000. What is the
Answer follow questions: | ||||||||||||||||
a. | Jovin Capital Inc has a debt ratio of .57, current liabilities of RM14,000, and total assets of RM70,000. What is the level of Jovin's total liabilities? | |||||||||||||||
b. | Busy & Buddy Sdn Bhd has a debt ratio of .42, noncurrent liabilities of RM20,000, and total assets of RM70,000. What is Busy & Buddy's level of current liabilities? | |||||||||||||||
c. | ComelLote Dome Ent. has an annual interest expense of RM30,000. Lorna Dome's times-interest-earned ratio is 4.2. What is ComelLote's operating income? | |||||||||||||||
d. | Pizza Jenjalan Bhd has sales of RM3,450,000, total assets of RM1,240,000, cost of goods sold of RM2,550,000, and an inventory turnover of 6.38. What is the amount of Pizza's inventory? | |||||||||||||||
e. | Samy Ent. has asked you to calculate the company's current ratio for 2022. All you have is a partial balance sheet and some assumptions. | |||||||||||||||
Using the information provided, to answer below questions. | ||||||||||||||||
Gross profit margin = 50% | ||||||||||||||||
Inventory turnover (COGS/Inv) = 5 | ||||||||||||||||
2022 sales = RM3,000 | ||||||||||||||||
Assets | RM (in mil) | Liabilities & Equity | RM (in mil) | |||||||||||||
Cash | ? | Accounts payable | $50 | |||||||||||||
AR | 40 | Accruals | ? | |||||||||||||
Inventory | ? | Long-term debt | $400 | |||||||||||||
Net fixed assets | 500 | Equity | 250 | |||||||||||||
Total assets | 900 | Total liab. & equity | ? | |||||||||||||
Required: | ||||||||||||||||
a. | Calculate Samy's current ratio for 2022. | |||||||||||||||
b. | Complete the above balance sheet. | |||||||||||||||
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