Question
hello, You are evaluating the balance sheet for SophieLex's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $440,000;
hello,
You are evaluating the balance sheet for SophieLex's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $440,000; accounts receivable = $1,120,000; inventory = $2,020,000; accrued wages and taxes = $460,000; accounts payable = $760,000; and notes payable = $520,000.
Calculate SophieLex's current ratio. (Round your answer to 2 decimal places.)
Calculate SophieLex's cash ratio. (Round your answer to 2 decimal places.)
Tater and Pepper Corp. reported COGS for 2021 of $34 million. Tater and Pepper listed $6.7 million of inventory on its balance sheet.
How many days did Tater and Pepper's inventory stay on the premises? (Use 365 days a year. Round your answer to 2 decimal
How many times per year did Tater and Pepper's inventory turn over?
Tiggie's Dog Toys, Inc., reported a debt-to-equity ratio of 1.77 times at the end of 2021. If the firm's total debt at year-end was $27 million, how much equity does Tiggie's have on its balance sheet? (Enter your answer in millions of dollars rounded to 2 decimal places.)
You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in the same industry. LotsofDebt, Inc. finances its $38.00 million in assets with $33.75 million in debt and $4.25 million in equity. LotsofEquity, Inc. finances its $38.00 million in assets with $4.25 million in debt and $33.75 million in equity.
Calculate the debt ratio
LotsofDebt, Inc.%
LotsofEquity, Inc.%
Calculate the equity multiplier. (Round your answers to 2 decimal places.)
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