Question
Logano Driving Schools 2017 balance sheet showed net fixed assets of $5.1 million, and the 2018 balance sheet showed net fixed assets of $6.0 million.
Logano Driving Schools 2017 balance sheet showed net fixed assets of $5.1 million, and the 2018 balance sheet showed net fixed assets of $6.0 million. The companys 2018 income statement showed a depreciation expense of $245,000. What was net capital spending for 2018? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Twist Corp. has a current accounts receivable balance of $336,500. Credit sales for the year just ended were $4,899,440. a. What is the company's receivables turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) b. What is the company's days' sales in receivables? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) c. How long did it take on average for credit customers to pay off their accounts during the past year? (Use 365 days a year. Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) a. Receivables Turnover: times b. Days sales in receivables: days c. Average collection period: days
Jack Corp. has a profit margin of 4.3 percent, total asset turnover of 2.8, and ROE of 18.69 percent. What is this firms debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed long-term debt of $6.2 million, and the 2018 balance sheet showed long-term debt of $6.9 million. The 2018 income statement showed an interest expense of $175,000. What was the firms cash flow to creditors during 2018? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
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