North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales 1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days ROE 12.00% North Star has no preferred stock—only common equity, current liabilities, and long-term debt. Find North Star’s (9) long-term debt. Do not round intermediate calculations; round final answers to two decimal places.
North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales 1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days ROE 12.00% North Star has no preferred stock—only common equity, current liabilities, and long-term debt. Find North Star’s (9) long-term debt. Do not round intermediate calculations; round final answers to two decimal places.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 18MCQ
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North Star had the following data (thousands of dollars):
Cash and equivalents | 100.00 |
Fixed assets | 283.50 |
Sales | 1,000.00 |
Net income | 50.00 |
Current liabilities | 105.50 |
Notes payable to bank | 20.00 |
Current ratio | 3.00 |
DSO | 40.55 days |
12.00% |
North Star has no
Find North Star’s (9) long-term debt.
Do not round intermediate calculations; round final answers to two decimal places.
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