FIN300

Kuwait Airways had the following balance sheet items in 2019: Cash = 1,000,000 KD Notes payable = 150,000 KD Accounts payable = 450,000 KD Inventory = 3,000,000 KD Accounts receivable = 98377 KD Accrued expenses = 500,000 KD Property, plant and equipment = 7,000,000 KD Calculate the quick ratio of Kuwait Airways in 2019. Show your steps and explain your result. 2 decimals are required. Example, if the answer is 1.2598 then round up to 1.26. Answer: Give your reasons Question 4 The following table represents total assets and total liabilities of Tesla in 2019 and 2020. Not yet answered Marked out of 25.00 Total assets and P Flag question total liabilities - Tesla 2019 2020 Total Assets $34 billion $52 billion Total liabilities $27 billion $38 billion Calculate the debt ratio of Tesla in 2020. Did the debt position of Tesla improve? Explain. Report your answer as a ratio and not a percentage. Example: 30/50 = 0.60 Use two decimal points. Answer: Give your reasons 2 B I lii III op Question 5 Not yet answered A small company has the following income statement items: Sales = 500,000 KD COGS = 109304 KD Operating expenses = 200,000 KD Interest expenses = 20,000 KD Tax rate = 10% Marked out of 22.00 Flag question Calculate the net profit margin of this company and explain your result. You have to do the necessary calculations first. Report your answer as a ratio and not as a percentage. Answer: Give your reasons B I iii ITI OP