Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on the information provided in the financial statements, if Spread the Joy Organics Inc. has an all- in rate of 5.5% on their operating

image text in transcribed
Based on the information provided in the financial statements, if Spread the Joy Organics Inc. has an all- in rate of 5.5% on their operating line of credit, what is the bank's prime rate? a) 3.5% b) 3.75% c) 3.25% d) 3.0% 01. c) 11.85% d) 12.47% What was Spread the Joy Organics" year over year revenue growth from XO to XI a) 11.96% b) 12.19 % 02 Calculate over Revenue from previous to current year percentage. 03. What method of depreciation does Spread the Joy Organics Inc. use? a) Declining Balance b) Straight Line c) Sum of Years Digits d) Units of Production 04. In 20X1 the line with the biggest influence (increase or decrease) on cash flow from operations was a) Net income b) Change in accounts receivable c) Change in inventory position d) Depreciation a) 0.55x b) 0.67x c) 9.06x d) 6.89x (all liab/equity) 05. Working just off the balance sheet figures, and not including any new debt, what is Spread the Joy Organics Inc.'s total liabilities to equity ratio in 20X1

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

Step: 3

blur-text-image

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

Handbook Of Financial Markets Dynamics And Evolution

Authors: Thorsten Hens

1st Edition

0323165478, 978-0323165471

More Books

Students also viewed these Finance questions