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pplease answer all questions Question 15 10 points Save Answer During 2009 Company BBYT had sales of $740,000. Cost of goods sold, administrative and selling
pplease answer all questions
Question 15 10 points Save Answer During 2009 Company BBYT had sales of $740,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $571,000, $99,000, and $129,000, respectively. The company also had an interest expense of $103,000 and a tax rate of 35 percent. Assume BBYT paid out $16,000 in cash dividends. If spending on net fixed assets and net working capital was zero, and if no new stock was issued during the year, what is the firm's net new long-term debt? O A. $0 B. $70,450 C. $18,500 OD. $49,000 Question 18 10 points Save Answer Company BBYT, Inc. 2010 Income Statement ($ in millions) Net sales $ 8,850 Less: Cost of goods sold 7,440 Less: Depreciation 420 Earnings before interest and taxes $ 990 Less: Interest paid 92 Taxable income $ 898) Less: Taxes 3141 Net income $ 584 Company BBYT, Inc. 2009 and 2010 Balance Sheets (S in millions) 2009 2010 2009 2010 Cash S 1601 $ 190 Accounts payable $ 1,110 $ 1,235 Accounts rec. 860 760 Long-term debt 1,0501 1,275 Inventory 1,6101 1,580 Common stock $3,240 $ 2,950 Total $ 2,630 $ 2,530 Retained earnings 5401 790 Net fixed assets 3,310 3,7201 Total assets $5,940 $ 6,250 Total liab. & equity $ 5,940 $ 6,250 Using the 2009 and 2010 information; What was company BBYT's days' sales in receivables for 2010? Round to two decimal placesStep by Step Solution
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