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Problem 3-1 Days Sales Outstanding Greene Sisters has a D50 of 24 days. The company's average daily sales are $20,000. What is the level of

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Problem 3-1 Days Sales Outstanding Greene Sisters has a D50 of 24 days. The company's average daily sales are $20,000. What is the level of its accounts receivable? Assume there are 365 days in a year. $ Problem 3-2 Debt Ratio Vigo Vacations has $203 million in total assets, $5.0 million in notes payable, and $27.0 million in long-term debt. What is the debt ratio? Round your answer to two decimal places. % Problem 3-3 Market/Book Ratio Winston Washers's stock price is $95 per share. Winston has $10 billion in total assets. Its balance sheet shows $1 billion in current liabilities, $3 billion in long-term debt, and $6 billion in common equity. It has 450 million shares of common stock outstanding. What is Winston's market/book ratio? Round your answer to two decimal places. Do not round intermediate calculations. Problem 3-4 Price/ Earnings Ratio Reno Revolvers has an EPS of $1.30, a cash ow per share of $4.80, and a price/cash flow ratio of 6.0. What is its P/E ratio? Round your answer to two decimal places. Problem 3-5 ROE Needham Pharmaceuticals has a prot margin of 3.5% and an equity multiplier of 1.9. Its sales are $100 million and it has total assets of $44 million. What is its Return on Equity (ROE)? Round your answer to two decimal places. % Problem 3-7 Current and Quick Ratios Ace Industries has current assets equal to $9 million. The company's current ratio is 2.0, and its quick ratio is 1.5. 1. What is the firm's level of current liabilities? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000 $ 2. What is the firm's level of inventories? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000 $ Problem 3-9 Current and Quick Ratios The Nelson Company has $1,062,500 in current assets and $425,000 in current liabilities. Its initial inventory level is $212,500, and it will raise funds as additional notes payable and use them to increase inventory. 1. How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Round your answer to the nearest cent. $ 2. What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Round your answer to two decimal places. Problem 3-10 Times-InterestEarned Ratio The Morris Corporation has $750,000 of debt outstanding, and it pays an interest rate of 8% annually. Morris's annual sales are $3.75 million, its average tax rate is 40%, and its net prot margin on sales is 6%. If the company does not maintain a TIE ratio of at least 6 to 1, its bank will refuse to renew the loan and bankruptcy will result. What is Morris's TIE ratio? Round intermediate calculations to two decimal places. Round your answer to two decimal places

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