Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please Help Me ASAP! Balance Sheet $ 6,700 Accounts payable 14,600 Long-term debt In come Statement Sales Costs of goods sold $17,500 46,100 $104,500 77,600

Please Help Me ASAP!image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Balance Sheet $ 6,700 Accounts payable 14,600 Long-term debt In come Statement Sales Costs of goods sold $17,500 46,100 $104,500 77,600 Cash Accounts receivable Inventory Net fixed assets Total assets 22.100 54.900 Common stock Retained earnings 25,000 9.700 Depreciation Interest 12,200 3,600 $98.300 Total liab.& equity $98.300 Taxes Net income 3.700 $ 7400 4 Use the following financial statements to answer the question. How many days on average does it take the firm to sell its inventory? Balance Sheet $ 6,700 Accounts payable 14,600 Long-term debt $17.500 46.100 Income Statement Sales Costs of goods sold $104,500 77.600 Cash Accounts receivable Inventory Net fixed assets Total assets 22.100 54.900 Common stock Retained earnings 25 000 9.700 Depreciation Interest 12,200 3,600 $98.30 Total liab.& equity 599 300 Taxes Net income 3.700 $72206 103.95 days 84.59 days 77.19 days 96.07 days la 5 Assume a firm has a positive cash balance which is increasing annually. Why then is it important to analyze a statement of cash flows? 7 * Use the following financial statements to answer the question. What is the price-sales ratio if the price per share is $8 and the par value per share is $1? Balance Sheet $ 6,700 Accounts payable 14,600 Long-term debt $17.500 46.100 Income Statement Sales Costs of goods sold $104,500 77,600 Cash Accounts receivable Inventory Net fixed assets Total assets 22.100 54.900 Common stock Retained earnings 25.000 9700 Depreciation Interest 12 200 3.600 $93.300 Total liab.& equity 99200 Taxes Net income 3.700 $ 7400 2.36 02.11 O 1.91 O 1.48 i 8 Use the following financial statements to answer the question. What is the price-earnings ratio if the par value per share is $1 and the market price per share is $7.50? Balance Sheet $ 6,700 Accounts payable 14,600 Long-term debt $17.500 46,100 Income Statement Sales Costs of goods sold $104.500 77,600 Cash Accounts receivable Inventory Net fixed assets Total assets 22.100 54.900 Common stock Retained earnings 25.000 9.700 Depreciation Interest 12,200 3,600 $90.300 Total liab.& equity 5923 Taxes 3.700 10 Use the following financial statements to answer the question. What is the common-size ratio of the net fixed assets? Balance Sheet $ 6,700 Accounts payable 14,600 Long-term debt $17.500 46.100 Income Statement Sales Costs of goods sold $104.500 77,600 Cash Account receivable Inventory Net fixed assets Total assets 22,100 54.900 Common stock Retained earnings 25 000 9700 Depreciation Interest 12,200 3,600 S96200 Total liab.& equity $99301 Taxes Net income 3.700 $ 7400 0.67 0.62 O O 0.56 0.48 # 8 Use the following financial statements to answer the question. What is the price-earnings ratio if the par value per share is $1 and the market price per share is $7.50? Balance sheet $ 6,700 Accounts payable 14.600 Long-term debt $17.500 46.100 Income Statement Sales Costs of goods sold $104,500 77,600 Cash Accounts receivable Inventory Net fixed 22.100 Common stock Retained earnings 25 000 9700 Depreciation Interest 12,200 3.600 54.900 assets Total assets $98.300 Total lib. & equity $99300 Taxes Net income 3.700 $ 7400 18.01 19.97 25.34 22.16 ist 9 Use the following financial statements to answer the question. What is the profit margin? Balance Sheet $ 6,700 Accounts payable 14,600 Long-term debt $17.500 46.100 Income Statement Sales Costs of goods sold $104.500 77,600 Cash Accounts receivable Inventory Net fixed assets Total assets 22.100 54.900 Common stock Retained earnings 25 000 9.700 Depreciation Interest 12 200 3.600 $93.300 Total liab.& equity 590300 Taxes Net income 3.700 $ 7400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Corporate Finance

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

13th International Edition

1265533199, 978-1265533199

Students also viewed these Finance questions