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How to get following answers right using equations and calculator (no excel) 34. If a firm has a debt ratio (i.e., D/A) of 64%, what
How to get following answers right using equations and calculator (no excel)
34. If a firm has a debt ratio (i.e., D/A) of 64%, what is the firm's debt to equity (i.e., D/E) ratio? Record your answer as a ratio rounded to 2 decimal places. For example, record D/E = 100/180 = 0.56 or D/E = 300/125 = 2.40. Answer: (1.78)
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Richardson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2011 200 800 3,600 4,600 22,000 (12,000) 10,000 14,600 2012 100 1,400 3,100 4,600 31,000 (14,000) 17,000 21,600 Cash Accounts receivable Inventory Current assets Gross fixed assets (Accumulated depreciation) Net fixed assets Total assets 100 400 300 800 1,600 1,200 2,100 8,600 1,100 14,600 Notes payable Accounts payable Accruals Current portion of LT Debt Current liabilities Long-term debt Common stock Additional paid in capital Retained earnings Total liabilities and equity 600 200 1,400 2,200 2,800 3,400 11,900 1,300 21,600 On its 2011 income statement, Richardson Inc. reported net income of $1,430 and on its 2012 income statement, the company reported net income of $1,630. Based on this information (and given the company's balance sheets for 2011 and 2012 in the chart above), compute Net Cash Flows from Operating Activities for Richardson in 2012. Record your answer as a dollar rounded (if necessary) to the nearest whole dollar, but do not include a dollar sign or any commas in your answer. Also, if your answer is a negative value, place a hyphen i.e, - before your answer with no space between the and the number. For example, record -$23,426.9234 as -23427 Answer: X (3,630)Step by Step Solution
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