Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 (1 point) 1.SDJ, Inc., has net working capital of $1290, current liabilities of $9200, and inventory of $1320. What is the current ratio?

Question 1(1 point)

1.SDJ, Inc., has net working capital of $1290, current liabilities of $9200, and inventory of $1320. What is the current ratio?

2.SDJ, Inc., has net working capital of $1290, current liabilities of $7200, and inventory of $1770. What is the quick ratio?

3.Here and Gone, Inc., has sales of $23210000, total assets of $12160000, and total debt of $3460000. If the profit margin is 9 percent, what is net income?

4. Here and Gone, Inc., has sales of $19748000, total assets of $10760000, and total debt of $4020000. If the profit margin is 14 percent, what is ROA? Enter the answer with 4 decimal places (e.g. 0.1234).

5. Here and Gone, Inc., has sales of $21331000, total assets of $12440000, and total debt of $3320000. If the profit margin is 7 percent, what is ROE? Enter the answer with 4 decimal places (e.g. 0.1234).

6. Pujols Lumber Yard has a current accounts receivable balance of $210175. Credit sales for the year just ended were $5311000. How long did it take on average for credit customers to pay off their accounts during the past year? (Enter the answer with 2 decimal places (e.g. 23.45)

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

Financial and Management Accounting

Authors: Pauline Weetman

7th edition

1292086599, 978-1292086590

More Books

Students also viewed these Finance questions

Question

Describe the reasons why clinical psychologists perform research.

Answered: 1 week ago

Question

Explain the importance of purchasing and describe its procedures.

Answered: 1 week ago

Question

Discuss the main concerns in selecting a supplier.

Answered: 1 week ago