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1. Carroll, Inc., has a total debt ratio of .53, total debt of $326,000, and net income of $41,000. What is the company's return on equity? 2. Shelton Company has a debtequity ratio of 1.43. Return on assets is 7.68 -2-2 http://ezto.mhedu percent, and total equity is $715,000. What is the equity multiplier? Return on equity? Net income? 3. Jiminy Cricket Removal has a profit margin of 9 percent, total asset turnover of 1.11, and ROE of 14.35 percent. What is this firm's debt-equity ratio? 4. Pharrell, Inc., has sales of $599,000, costs of $259,000, depreciation -2-2 http://ezto.mhedu expense of $64,000, interest expense of $31,000, and a tax rate of 30 percent. The firm paid out $43,000 in cash dividends. What is the addition to retained earnings? 5. Ordonez Lumber Yard has a current accounts receivable balance of $443,516. Credit sales for the year just ended were $7,654,060. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Receivables turnover times What is the days' sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days' sales in receivables days How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Average collection period 6. SDJ, Inc., has net working capital of $940, current liabilities of $6,700, and inventory of $1,110. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current ratio times What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Quick ratio times 7. During the year, Belyk Paving Co. had sales of $2,397,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,428,000, $435,300, and $490,300, respectively. In addition, the company had an interest expense of $215,300 and a tax rate of 30 percent. (Ignore any tax loss carryback or carryforward provisions.) a. What is the company's net income? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income $ b. What is it's operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Operating cash flow $ 9 .The Cavo Company has an ROA of 8.7 percent, a profit margin of 8.75 percent, and an ROE of 14.75 percent. 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.) Total asset turnover times What is the equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Equity multiplier times 10. Dimeback Co. has total assets of $9,500,000 and a total asset turnover of 2.45 times. Assume the return on assets is 11 percent. What is its profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Profit margin % 10. Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.1 million. The machinery can be sold to the Romulans today for $6.3 million. Klingon's current balance sheet shows net fixed assets of $2.9 million, current liabilities of $720,000, and net working capital of $131,000. If all the current accounts were liquidated today, the company would receive $835,000 cash. What is the book value of Klingon's total assets today? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Book value of total assets $ What is the sum of the NWC and market value of fixed assets? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Sum $ 11. You are given the following information for Sookie's Cookies Co.: sales = $51,300; costs = $39,500; addition to retained earnings = $2,875; dividends paid = $940; interest expense = $1,550; tax rate = 30 percent. Calculate the depreciation expense for the company. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Depreciation expense $ 13. Y3K, Inc., has sales of $7,515, total assets of $3,545, and a debtequity ratio of .38. Assume the return on equity is 19 percent. What is its net income? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Net income $ 14. Bobaflex Corporation has ending inventory of $703,173 and cost of goods sold for the year just ended was $7,864,613. What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Inventory turnover times What is the days' sales in inventory? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days' sales in inventory days How long on average did a unit of inventory sit on the shelf before it was sold? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days on the shelf days 14. Pharrell, Inc., has sales of $591,000, costs of $267,000, depreciation expense of $68,000, interest expense of $35,000, and a tax rate of 30 percent. The firm paid out $39,000 in cash dividends and has 46,000 shares of common stock outstanding. What is the earnings per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Earnings per share $ What is the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Dividends per share $ 15. jPhone, Inc., has an equity multiplier of 1.37, total asset turnover of 1.61, and a profit margin of 9 percent. What is the company's ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE -2-2 % http://ezto.mhedu 16.Fincher, Inc., has a total debt ratio of .80. What is its debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Debt-equity ratio times What is its equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Equity multiplier times 17. Pharrell, Inc., has sales of $592,000, costs of $266,000, depreciation expense of $67,500, interest expense of $34,500, and a tax rate of 40 percent. What is the net income for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income $ 18. Chevelle, Inc., is obligated to pay its creditors $8,900 during the year. a. What is the value of the shareholders' equity if assets equal $10,300? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Enter a "0" if necessary.) Shareholders' equity $ b. What is the value of the shareholders' equity if assets equal $7,900? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Enter a "0" if necessary.) Shareholders' equity -2-2 $ http://ezto.mhedu 19.Rossdale, Inc., had additions to retained earnings for the year just ended of $644,000. The firm paid out $35,000 in cash dividends, and it has ending total equity of $7.39 million. If the company currently has 760,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) $ Earnings per share $ Dividends per share $ Book value per share If the stock currently sells for $30.90 per share, what is the market-to-book ratio? The priceearnings ratio? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Market-to-book ratio times Priceearnings ratio times If total sales were $10.69 million, what is the pricesales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Pricesales ratio -2-2 times http://ezto.mhedu 20. Beckinsale, Inc., has a profit margin of 6.4 percent on sales of $22,200,000. Assume the firm has debt of $8,500,000 and total assets of $15,100,000. What is the firm's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROA % 22. Bear Tracks, Inc., has current assets of $2,190, net fixed assets of $9,500, current liabilities of $1,360, and long-term debt of $4,000. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Shareholders' equity $ How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net working capital $ 22. For the most recent year, Seether, Inc., had sales of $442,000, cost of goods sold of $218,900, depreciation expense of $58,600, and additions to retained earnings of $50,800. The firm currently has 27,000 shares of common stock outstanding, and the previous year's dividends per share were $1.35. Assuming a 30 percent income tax rate, what was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Times interest earned times 23. Aquilera, Inc., has sales of $19.3 million, total assets of $14.3 million, and total debt of $5.1 million. The profit margin is 11 percent. What is the company's net income? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income $ What is the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) ROA % What is the company's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) ROE % 24. SDJ, Inc., has net working capital of $2,010, current liabilities of $5,570, and inventory of $1,255. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current ratio times What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Quick ratio -2-2 times http://ezto.mhedu 1. Carroll, Inc., has a total debt ratio of .53, total debt of $326,000, and net income of $41,000. What is the company's return on equity? 2. Shelton Company has a debtequity ratio of 1.43. Return on assets is -2-2 7.68 http://ezto.mhedu percent, and total equity is $715,000. What is the equity multiplier?Return on equity? Net income? Debt-equity ratio...1.43 Return on assets...7.68 Total Equity......$715,000 Set up the accounting equation: Assets = Liabilities + Equity 2.43 1.43 1.00 Equity multiplier: 2.43/1.00 =2.43 Return on Equity:7.68% x 2.43 =18.66% Net Income: 18.66% x 715,000=$133,419 = $134 3. Jiminy Cricket Removal has a profit margin of 9 percent, total asset turnover of 1.11, and ROE of 14.35 percent. What is this firm's debt-equity ratio? 4. Pharrell, Inc., has sales of $599,000, costs of $259,000, depreciation -2-2 http://ezto.mhedu expense of $64,000, interest expense of $31,000, and a tax rate of 30 percent. The firm paid out $43,000 in cash dividends. Addition to retained earnings $128,500 Explanation: The income statement starts with revenues and subtracts costs to arrive at EBIT. We then subtract out interest to get taxable income, and then subtract taxes to arrive at net income. Doing so, we get: Income statement Sales $ 599,000 Costs 259,000 Depreciation 64,000 EBIT $ 276,000 Interest 31,000 Taxable income Taxes (30%) Net income $ 245,000 73,500 $ 171,500 The dividends paid plus the addition to retained earnings must equal net income, so: Net income = Dividends + Addition to retained earnings $171,500 = $43,000 + Addition to retained earnings Addition to retained earnings = $171,500 - 43,000 Addition to retained earnings = $128,500 5. Ordonez Lumber Yard has a current accounts receivable balance of $443,516. Credit sales for the year just ended were $7,654,060. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Receivables turnover times 7,654,060 / 443,516 = 17.26 times What is the days' sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days' sales in receivables Days' sales 365 / 17.26 = 21.15 days days in receivables days How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Average collection period Average collection period Same as (2) above21.15 days days 6. SDJ, Inc., has net working capital of $940, current liabilities of $6,700, and inventory of $1,110. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current ratio times What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Quick ratio times 7. During the year, Belyk Paving Co. had sales of $2,397,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,428,000, $435,300, and $490,300, respectively. In addition, the company had an interest expense of $215,300 and a tax rate of 30 percent. (Ignore any tax loss carryback or carryforward provisions.) a. What is the company's net income? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income $ b. What is it's operating cash flow? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Operating cash flow $ 9 .The Cavo Company has an ROA of 8.7 percent, a profit margin of 8.75 percent, and an ROE of 14.75 percent. 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.) Total asset turnover times What is the equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Equity multiplier times 10. Dimeback Co. has total assets of $9,500,000 and a total asset turnover of 2.45 times. Assume the return on assets is 11 percent. What is its profit margin?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Profit margin % 0.0383 10. Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.1 million. The machinery can be sold to the Romulans today for $6.3 million. Klingon's current balance sheet shows net fixed assets of $2.9 million, current liabilities of $720,000, and net working capital of $131,000. If all the current accounts were liquidated today, the company would receive $835,000 cash. What is the book value of Klingon's total assets today? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Book value of total assets $ What is the sum of the NWC and market value of fixed assets? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Sum $ 11. You are given the following information for Sookie's Cookies Co.: sales = $51,300; costs = $39,500; addition to retained earnings = $2,875; dividends paid = $940; interest expense = $1,550; tax rate = 30 percent. Calculate the depreciation expense for the company. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Depreciation expense $ 13. Y3K, Inc., has sales of $7,515, total assets of $3,545, and a debtequity ratio of .38. Assume the return on equity is 19 percent. What is its net income? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Net income $ 14. Bobaflex Corporation has ending inventory of $703,173 and cost of goods sold for the year just ended was $7,864,613. What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Inventory turnover times What is the days' sales in inventory? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days' sales in inventory days How long on average did a unit of inventory sit on the shelf before it was sold? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days on the shelf days 14. Pharrell, Inc., has sales of $591,000, costs of $267,000, depreciation expense of $68,000, interest expense of $35,000, and a tax rate of 30 percent. The firm paid out $39,000 in cash dividends and has 46,000 shares of common stock outstanding. What is the earnings per share figure?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Earnings per share $ What is the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Dividends per share $ 15. jPhone, Inc., has an equity multiplier of 1.37, total asset turnover of 1.61, and a profit margin of 9 percent. What is the company's ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE % -2-2 16.Fincher, http://ezto.mhedu Inc., has a total debt ratio of .80. What is its debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Debt-equity ratio times What is its equity multiplier?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Equity multiplier times 17. Pharrell, Inc., has sales of $592,000, costs of $266,000, depreciation expense of $67,500, interest expense of $34,500, and a tax rate of 40 percent. What is the net income for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income $ 18. Chevelle, Inc., is obligated to pay its creditors $8,900 during the year. a. What is the value of the shareholders' equity if assets equal $10,300? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Enter a "0" if necessary.) Shareholders' equity $ b. What is the value of the shareholders' equity if assets equal $7,900? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Enter a "0" if necessary.) Shareholders' equity -2-2 $ http://ezto.mhedu 19.Rossdale, Inc., had additions to retained earnings for the year just ended of $644,000. The firm paid out $35,000 in cash dividends, and it has ending total equity of $7.39 million. If the company currently has 760,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share?(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) $ Earnings per share $ Dividends per share $ Book value per share If the stock currently sells for $30.90 per share, what is the market-to-book ratio? The priceearnings ratio? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Market-to-book ratio times Priceearnings ratio times If total sales were $10.69 million, what is the pricesales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Pricesales ratio -2-2 times http://ezto.mhedu 20. Beckinsale, Inc., has a profit margin of 6.4 percent on sales of $22,200,000. Assume the firm has debt of $8,500,000 and total assets of $15,100,000. What is the firm's ROA?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROA % 22. Bear Tracks, Inc., has current assets of $2,190, net fixed assets of $9,500, current liabilities of $1,360, and long-term debt of $4,000. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Shareholders' equity $ How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net working capital $ 22. For the most recent year, Seether, Inc., had sales of $442,000, cost of goods sold of $218,900, depreciation expense of $58,600, and additions to retained earnings of $50,800. The firm currently has 27,000 shares of common stock outstanding, and the previous year's dividends per share were $1.35. Assuming a 30 percent income tax rate, what was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Times interest earned times 23. Aquilera, Inc., has sales of $19.3 million, total assets of $14.3 million, and total debt of $5.1 million. The profit margin is 11 percent. What is the company's net income? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income $ What is the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) ROA % What is the company's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) ROE % 24. SDJ, Inc., has net working capital of $2,010, current liabilities of $5,570, and inventory of $1,255. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current ratio times 1.3 What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Quick ratio times 1.14 -2-2 http://ezto.mhedu