Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please please give accurate answer this is my last attempt hope you ll understand thank you i ll give upvote for accurate and complete answer

image text in transcribed

image text in transcribed

please please give accurate answer this is my last attempt hope you ll understand thank you i ll give upvote for accurate and complete answer

12. Problem 4.12 (Ratio Calculations) Thomson Trucking has $21 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 17%, and its return on assets (ROA) is 4.25%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places. 13. Problem 4.20 (DSO and Accounts Receivable) Ingraham Inc. currently has $820,000 in accounts receivable, and its days sales outstanding (DSO) is 67 days. It wants to reduce of its customers to pay their bills on time. If this policy is adopted, the company's average sales will fall by 15%. What will be the level of accounts receivable following the change? Assume a 365-day year. Do not round intermediate calculations. Round your answer to the nearest dollar

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Options Futures And Other Derivatives

Authors: John Hull

11th Global Edition

1292410655, 9781292410654

More Books

Students also viewed these Finance questions