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Please help me on Problem 4-15 with ROE change and new quick ratio Problem 4-15 Lloyd Inc. has sales of $200,000, a net income of
Please help me on Problem 4-15 with ROE change and new quick ratio
Problem 4-15 Lloyd Inc. has sales of $200,000, a net income of $15,000, and the following balance sheet: other changes occur, by how much will the ROE change? What will be the firm's new quick ratio? Problem 4-1 Baxley Brothers has a DSO of 23 days, and its annual sales are $3,650,000. What is its accounts receivable balance? Assume that it uses a 365 -day year. Upload this assignment in a.pdf format Problem 4-15 Lloyd Inc. has sales of $200,000, a net income of $15,000, and the following balance sheet: other changes occur, by how much will the ROE change? What will be the firm's new quick ratio? Problem 4-1 Baxley Brothers has a DSO of 23 days, and its annual sales are $3,650,000. What is its accounts receivable balance? Assume that it uses a 365 -day year. Upload this assignment in a.pdf formatStep by Step Solution
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