Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

sos round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 4 2019 41.399 79,139 198,632 319,170 %

image text in transcribed
image text in transcribedsos
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) 4 2019 41.399 79,139 198,632 319,170 % % % BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 Assets Current assets Cash S 31.982 % $ Accounts receivable 58,781 % Inventory 131,971 Total s 222,734 % $ Fixed assets Net plant and equipment S 657,447 % $ Total assets $ 880, 181 % $ Liabilities and Owners' Equity Current liabilities Accounts payable $ 193.422 % $ Notes payable 88,520 % Total S 281,942 % $ Long-term debt $ 244,000 % $ Owners' equity Common stock and paid-in surplus S 211,000 % $ 589,328 908,498 % % $ 201,111 140,088 341,199 180.750 % % % % 211,000 % % Accumulated retained earnings Total Total liabilities and owners' equity $ 143,239 354,239 880, 181 % % % $ 175,549 386,549 908 498 % % $ $ 1 Better Burgers reported the following numbers (in millions) for the years ending February 2017 and 2018 2017 2018 Net income $ 1,477 Dividends 211 Total assets $13,640 12,828 Total equity 6,271 4,554 What are the internal and sustainable growth rates? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.. 32.16.) Internal growth rate Sustainable growth rate 10.95% 38.50% 1 What are the internal and sustainable growth rates using ROE band ROA band the end of period equity (assets)? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Internal growth rate Sustainable growth rate 9.87 % 27.80% What are the growth rates if you use the beginning of period equity in this equation? (DO not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Internal growth rate Sustainable growth rate 9.28% 20.19% 2 The Moraine Company has net income of $150.850. There are currently 25.85 days' sales in receivables. Total assets are $839,000, total receivables are $146,400, and the debt-equity ratio is 70. a. What is the company's profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the company's total asset turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the company's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. Profit margin b. Total asset turnover 4.00% 4.51 times 30.67% c. ROE 3 You can earn 41 percent per month at your bank. If you deposit $2,400, how long must you wait until your account has grown to $4,100? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Number of months 130.88 5 SDJ, Inc., has net working capital of $2,110, current liabilities of $5,530, and inventory of $1,245. a. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Current ratio b. Quick ratio 1.38 times 1.16 times 6 An investment offers to quadruple your money in 24 months (don't believe it). What rate per six months are you being offered? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) Rate 41.42% 7 Bello, Inc., has a total debt ratio of 25. a. What is its debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is its equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Debt-equity ratio b. Equity multiplier 0.33 times 1.33 times 00 You have $6.600 to deposit. Regency Bank offers 12 percent per year compounded monthly (10 percent per month), while King Bank offers 12 percent but will only compound annually. How much will your investment be worth in 17 years at each bank? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Regency Banks King Bank S 50,246.31 45,315 87 9 First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually. If you made a deposit of $15,000 in each bank, how much more money would you earn from your Second City Bank account at the end of 8 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Difference $ 1,707 72 10 Your sister just deposited $11,500 into an investment account. She believes that she will earn an annual return of 10 percent for the next 7 years. You believe that you will only be able to earn an annual return of 9.2 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 7 years? Multiple Choice $602.86 $1716.33 $416.79 55627 M306

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

Managerial Accounting Tools For Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell

9th Edition

111970958X, 9781119709589

More Books

Students also viewed these Accounting questions