In 2014, Amira corporation had current assets of $144 million, inventory of $42.9 million and total current liabilities of $132 million. In 2015, the firm had current assets of $171 million, inventory of $45.9 million and current liabilities of $144 million. The change in Amira's quick ratio from 2014 to 2015 is closest to: A) a decrease of 0.10 B) an increase of 0.10 C) a decrease of 0.15 D) an increase of 0.15 E) being unchanged 5045 070 144/1998

In 2014, Amira corporation had current assets of $144 million, inventory of $42.9 million and total current liabilities of $132 million. In 2015, the firm had current assets of $171 million, inventory of $45.9 million and current liabilities of $144 million. The change in Amira's quick ratio from 2014 to 2015 is closest to: A) a decrease of 0.10 B) an increase of 0.10 C) a decrease of 0.15 D) an increase of 0.15 E) being unchanged 5045 070 144/1998

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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Swiss Group reports net income of $39,000 for the year. At the beginning of the year, Swiss Group had $195,000 in assets. By the end of the year, assets had grown to $245,000. What is Swiss Group's return on assets for the current year? Did Swiss Group perform better or worse than its competitors if competitors average an 13% return on assets? Complete this question by entering your answers in the tabs below. Return on Assets Group Perform What is Swiss Group's return on assets for the current year? Numerator: Denominator:
Walkie Enterprises reported sales revenue totaling $1,120,000, $1,340,000, and $1,675,000 in the years, 2014, 2015, and 2016, respectively. Performing horizontal analysis, what is the percentage change for 2016?
(Analyzing the quality of firm earnings) Kabutell, Inc. had net income of $750,000, cash flow from financing activities of $50,000, depreciation expenses of $40,000, and cash flow from operating activities of $550,000. a. Calculate the quality of earnings ratio. What does this ratio tell you? b. Kabutell, Inc. reported the following in its annual reports for 2011-2013: ($ million) 2011 2012 2013 Cash Flow from Operations $479 $405 Capital Expenditures (CAPEX) $461 $447 $469 $457 (Click on the icon in order to copy its contents into a spreadsheet.) Calculate the average capital acquisitions ratio over the three-year period. How would you interpret these results? a. What is Kabutell's quality of earnings ratio? % (Round to one decimal place.)
Suppose a firm has had the following historic sales figures. Year: 2009 2010 2011 2012 2013 Sales $1,420,000 $1,720,000 $1,600,000 $2,010,000 $1,770,000 What would be the forecast for next year's sales using regression to estimate a trend? Next year's sales
) Cecil Inc. operates with three divisions: Naperville, Metropolitan and Urbana. Below areselected results for each division over the last two fiscal years.a. Calculate Return on Assets (ROA) for Cecil Inc. in 2021 and 2020 (report percentages rounded twodecimals).b. Calculate Return on Sales (ROS) for Cecil Inc. in 2021 and 2020 (report percentages rounded twodecimals).c. Industry Averages are 15% for ROA and 10% for ROS in 2021 and 2020. Discuss Cecil Inc.’sperformance trends and results compared to industry averages (discuss performance, do not repeatcalc’s from above).Revenues: 2021 2020 Naperville 22,500,000 19,600,000 Metropolitan 15,300,000 12,500,000 Urbana 9,500,000 8,700,000Operating Income: Naperville 1,900,000 1,800,000 Metropolitan 1,100,000 900,000 Urbana 1,100,000 1,050,000Average Total Assets: Naperville 10,000,000 9,500,000 Metropolitan 8,000,000 6,500,000 Urbana 4,500,000 4,300,000Number of Managers: Naperville 15 5 Metropolitan 9 10 Urbana 12
Sandhill Ltd. reported the following financial results: Profit was $440,000 in 2023, $409,200 in 2024, and $458,304 in 2025. Calculate the horizontal percentage change from (a) 2023 to 2024 and (b) 2024 to 2025. (c) Are the changes increases or decreases? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to O decimal places, e.g. 12%.) (a) 2023-2024 (b) 2024-2025 $ Amount Percentage % %
(Related to Checkpoint 4.3) (Analyzing Profitability) In 2016, the Allen Corporation had sales of $69 million, total assets of $48 million, and total liabilities of $18 million. The interest rate on the company's debt is 6.4 percent, and its tax rate is 35 percent. The operating profit margin is 11 percent. a. Compute the firm's 2016 net operating income and net income. b. Calculate the firm's operating return on assets and return on equity. (Hint: You can assume that interest must be paid on all of the firm's liabilities.) a. Compute the firm's 2016 net operating income and net income. The firm's 2016 net operating income is $ million. (Round to two decimal places.)
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Assume the average cost of computer equipment fell 24.5 percent between 2016 and 2017. Let’s see whether these changes are reflected in the income statement of Computer Tycoon Inc. for the year ended December 31, 2017. 2017 2016 Sales Revenues $ 100,300 $ 128,468 Cost of Goods Sold 61,700 77,081 Gross Profit 38,600 51,387 Selling, General, and Administrative Expenses 30,200 30,200 Interest Expense 586 480 Income Before Income Tax Expense 7,814 20,707 Income Tax Expense 4,708 6,737 Net Income $ 3,106 $ 13,970 Required: 1-a. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages. (Round your "Percentage" to 1 decimal place. Any decrease in amounts should be indicated with minus sign)
(Related to Checkpoint 4.3) (Analyzing Profitability) In 2016, the Allen Corporation had sales of $64 million, total assets of $42 million, and total liabilities of $25 million. The interest rate on the company's debt is 6.1 percent, and its tax rate is 35 percent. The operating profit margin is 12 percent. a. Compute the firm's 2016 net operating income and net income. b. Calculate the firm's operating return on assets and return on equity. (Hint: You can assume that interest must be paid on all of the firm's liabilities.) a. Compute the firm's 2016 net operating income and net income. The firm's 2016 net operating income is $☐ million. (Round to two decimal places.)
Central Bank has the following information (in $million). 2017 ($ million) 2018 ($ million) Revenue 780 890 Net income 240 375 Assets 22,450 27,850 Equity 2,250 2,980 Which of the following statements about Central Bank is CORRECT? Select one: a. From 2017 to 2018, its Return on Equity decreased, Return on Assets decreased, and Leverage Multiplier increased. b. From 2017 to 2018, its Return on Equity increased, Return on Assets increased, and Leverage Multiplier decreased. c. From 2017 to 2018, its Return on Equity increased, Return on Assets increased, and Leverage Multiplier increased. d. From 2017 to 2018, its Return on Equity increased, Return on Assets decreased, and Leverage Multiplier increased.
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