Question 24 (4 points) Balance Sheet Current assets Cash 1,010,000 Acc receivable not given Inventories 1,150,000 Fixed assets 4,100,000 TOTAL ASSETS 7,200,000 Current liabilities Acc payable not given Long-term debt 2,900,000 Common stock 1,010,000 Retained earnings 2,830,000 TOTAL LIAB and EQUITY 7, 200,000 Income Statement Sales 21, 600,000 Operating expense 13, 140,000 EBIT 3, 460,000 Income Statement Sales 21,600,000 Operating expense 18,140,000 EBIT 3, 460,000 Interest expense 348,000 EBT 3,112,000 Taxes 1, 245,000 Net income 1,867,000 what is the firm's days sales outstanding? 12.44 36.50 52.38 15.88 45.36 Kennedy Jones: Attempt 1 Question 25 (4 points) Balance Sheet Current assets Cash 870,000 Ace receivable not given Inventories 1,340,000 Fixed assets 4.190,000 TOTAL ASSETS 7.900,000 Current liabilities Ace payable not given Long-term debt 4,000,000 Common stock 950,000 Retained earnings 2,390,000 TOTAL LIAB and EQUITY 7,900,000 Income Statement Sales 31,600,000 Operating expense 24,650,000 EBIT 5,950,000 Income Statement Sales 31,600,000 Operating expense 24,650,000 EBIT 6,950,000 Interest expense 520,000 EBT 6,430,000 Taxes 2,572,000 Net income 3,858,000 What is the firm's return on common equity? 161.42% 406.11% 115.51% 48.84% 52.56% Question 23 (4 points) The RRR Company has a target current ratio of 2.4. Presently, the current ratio is 3.3 based on current assets of $5,280,000. If RRR expands its fixed assets using short- term liabilities (maturities less than one year), how much additional funding can it obtain before its target current ratio is reached? (Round your answer to the nearest dollar.) $1,083,086 $1,028,571 $781,286 $600,000 $1,156,423 Question 22 (4 points) Last year YYY Company had a 5.00% net profit margin based on $25,000,000 in sales and $13,000,000 of total assets. During the coming year, the president has set a goal of attaining a 10% return on total assets. How much must firm sales equal, other things being the same, for the goal to be achieved? (Round your answer to the nearest dollar.) $26,000,000 $25,000,000 $29,777,020 $28,529,800 $22,432,500