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Compute for the Average Collection Period, use 360 days Final answers should be in 2 decimal places For example: if your answer is 1.5432 final answer is 1.54 days, if your answer is 1.5632 final answer i 1.57 days

Compute for the Average Collection Period, use 360 days Final answers should be in 2 decimal places For example: if your answer is 1.5432 final answer is 1.54 days, if your answer is 1.5632 final answer i 1.57 days

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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INCOME STATEMENTS BALANCE SHEETS 2015 JAssets 2014 2014 2015 $ 5,000 $ 4,760 3,560 Net sales COGS (excl. depr.) Depreciation Other operating expenses ЕBIT Interest expense Cash 60 50 3,800 ST Investments 200 Accounts receivable 500 Inventories 40 170 380 500 480 820 1,000 $ 1,300 1,700 $ 3,000 550 500 Total CA $ 1,550 100 120 Net PP&E 2,000 Pre-tax earnings 450 380 Total assets $ 3,550 152 Taxes (40%) NI before pref. div. 180 228 Liabilities and equity 8 Accounts payable 220| Accruals Notes payable Total CL 270 Preferred div. 8. 190 200 Net income 262 280 300 130 280 Other Data 600 %24 780 $50 Long-term bonds Total liabilities 1,000 $ 1,600 Common dividends $48 1,200 $ 1,980 Addition to RE $214 $170 40% Preferred stock Tax rate 40% 100 100 Shares of common stock 50 50 Common stock 500 500 $5.24 Earnings per share Dividends per share Price per share $4.40 $1.00 Retained earnings Total common equity Total liabs. & equity 800 970 $ 1,300 $ 3,000 $ 1,470 $ 3,550 $0.96 $40.00 $27.00 Compute for the Average Collection Period, use 360 days Final answers should be in 2 decimal places For example: if your answer is 1.5432 final answer is 1.54 days, if your answer is 1.5632 final answer is 1.57 days %24 %24 %24 %24
Transcribed Image Text:INCOME STATEMENTS BALANCE SHEETS 2015 JAssets 2014 2014 2015 $ 5,000 $ 4,760 3,560 Net sales COGS (excl. depr.) Depreciation Other operating expenses ЕBIT Interest expense Cash 60 50 3,800 ST Investments 200 Accounts receivable 500 Inventories 40 170 380 500 480 820 1,000 $ 1,300 1,700 $ 3,000 550 500 Total CA $ 1,550 100 120 Net PP&E 2,000 Pre-tax earnings 450 380 Total assets $ 3,550 152 Taxes (40%) NI before pref. div. 180 228 Liabilities and equity 8 Accounts payable 220| Accruals Notes payable Total CL 270 Preferred div. 8. 190 200 Net income 262 280 300 130 280 Other Data 600 %24 780 $50 Long-term bonds Total liabilities 1,000 $ 1,600 Common dividends $48 1,200 $ 1,980 Addition to RE $214 $170 40% Preferred stock Tax rate 40% 100 100 Shares of common stock 50 50 Common stock 500 500 $5.24 Earnings per share Dividends per share Price per share $4.40 $1.00 Retained earnings Total common equity Total liabs. & equity 800 970 $ 1,300 $ 3,000 $ 1,470 $ 3,550 $0.96 $40.00 $27.00 Compute for the Average Collection Period, use 360 days Final answers should be in 2 decimal places For example: if your answer is 1.5432 final answer is 1.54 days, if your answer is 1.5632 final answer is 1.57 days %24 %24 %24 %24
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