Question
The Hooya Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .48 and a current ratio
The Hooya Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .48 and a current ratio of 1.37. Current liabilities are $2,445, sales are $10,615, profit margin is 9 percent, and ROE is 14 percent. |
Required: |
What is the amount of the firms current assets? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Current assets | $ |
What is the amount of the firms net income? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Net income | $ |
What is the amount of the firms total equity? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Total equity | $ |
What is the amount of the firms long-term debt? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Long-term debt | $ |
What is the amount of the firms total debt? (Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Total debt | $ |
What is the amount of the firms total assets? (Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Total assets | $ |
What is the amount of the firms net fixed assets? (Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Net fixed assets | $ |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started