Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Solve the following questions with elaborated steps, don't know if they are correct answers or not 2 value: 2.00 points W SDJ, Inc., has net

Solve the following questions with elaborated steps, don't know if they are correct answers or notimage text in transcribedimage text in transcribedimage text in transcribed

2 value: 2.00 points W SDJ, Inc., has net working capital of $1,600, current liabilities of $4,300, and inventory of $1,975. Required: (a) What is the current ratio? (Click to select) (b) What is the quick ratio? (Click to select) v 2020 McGraw-Hill Education Alloh value: 6.00 points Jetson Spacecraft Corp. shows the following information on its 2009 income statement: sales = $198,000; costs = $84,000; other expenses = $5,100; depreciation expense = $9,100; interest expense = $14.700; taxes = $25,530; dividends = $10,100. In addition, you're told that the firm issued $7,500 in new equity during 2009 and redeemed $9,100 in outstanding long-term debt. (a) What is the 2009 operating cash flow? 83,370 (b) What is the 2009 cash flow to creditors? 23,800 D (c) What is the 2009 cash flow to stockholders? 2,600 (d) If net fixed assets increased by $25,000 during the year, what was the addition to NWC? 22,870 estion 3. value 2.00 points Boom Lay Corp has a current accounts receivable balance of $338,500. Credit sales for the year just ended were $4,847,320 What is the receivables turnover? (Round your answer to 2 decimal places. (e.g.. 32.16) Receivables turnover 14.32 times What is the days' sales in receivables? (Use 365 days a year. Round your answer to 2 decimal places. (e.g., 32.16)) Sales in receivables 25.49 days How long did it take on average for credit customers to pay off their accounts during the past year? (Use 365 days a year. Round your answer to 2 decimal places. (e.g. 32.16)) Average collection period days

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

Principles Of Banking

Authors: Allyn C Buzzel

11th Edition

089982689X, 9780899826899

More Books

Students also viewed these Finance questions