Santa Appliances Inc. has a market/book ratio equal to 1. Its stock price is $18 per share, and it has 6.3 million shares outstanding. The firm's total capital is $150 million, and it finances with only debt and common equity. What is its debt-to-capital ratio? (Round the answer to two decimal places.)
Q: On July 31, Harrison Company had an Accounts Receivable balance of $25,400. During the month of…
A: Step 1:Credit sales during August can be calculated by rearranging the formula - Beginning Accounts…
Q: none
A: Step 1: Calculate Operating Income for 2,000 Units (Base Case)The formula for Operating Income is:…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Selling Price per UnitThe selling price per unit is the amount a company…
Q: Correct answer please
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs…
Q: Help me this question
A: Step 1: Definition of Operating CycleThe operating cycle is the time taken by a company to convert…
Q: Need help with this question solution general accounting
A: TBC is entitled to recover damages based on the principle of expectation damages, which aim to put…
Q: What is the amount of her gain ,will she report the sale?
A: Explanation of Gain on Sale of Business Property:Gain on the sale of business property is the profit…
Q: The degree of operating leverage is closest to:
A: Step 1: Definition of Operating leverage:Operating leverage is a cost accounting measure that…
Q: A company purchases a machine for $150,000. It is estimated that the machine has a useful life of 10…
A: Note: Assuming there is a Typo error, Residual Value i.e. the value at which the machine will be…
Q: Number of barrel completed... please given answer
A: Step 1: Definition of Work-in-Process (WIP) Inventory Work-in-Process inventory represents partially…
Q: What is the return on assets?
A: To calculate the Return on Assets (ROA), we use the DuPont Identity formula: ROE =ROA ×(1+…
Q: What is the tax liability that appears on the balance sheet for this year of this financial…
A: Step 1: Tax liability that appears on the balance sheet can be calculated as a percentage of taxable…
Q: Solve this problem
A: Concept of Straight-Line DepreciationStraight-line depreciation is a method used to allocate the…
Q: need help this question
A: Step 1: Definition of Overhead Controllable VarianceThe overhead controllable variance measures the…
Q: general account
A: The price-to-earnings ratio (P/E ratio) is calculated by dividing the stock price by the earnings…
Q: choose best answer ?
A: Step 1: Definition of Cost of Goods Sold (COGS)The Cost of Goods Sold (COGS) represents the total…
Q: General Accounting
A: Step 1: Define Credit SalesCredit sales refer to transactions where a company sells goods or…
Q: None
A: The Return on Equity (ROE) is calculated using the formula:ROE=Stockholders' EquityNet Income×100%…
Q: Asking this problem to right expert. solve it.
A: Step 1: Formulas Carrying amount = Original cost - Amortization*Amortization from 7/1/2017 to…
Q: 4 PTS
A: The Days' Receivables (also known as Days Sales Outstanding (DSO)) is calculated using the formula:…
Q: Want solution. please provide
A: Step 1: Definition of Retained EarningsRetained earnings represent the portion of a company's net…
Q: hi expert please help me
A: To calculate the cost per equivalent unit for materials using the FIFO method, we use the following…
Q: What is the total gross profit of this general accounting question?
A: Step 1: Define Gross ProfitGross Profit is the financial gain a company makes after deducting the…
Q: Provide answer please
A: Step 1: Definition of Recognized Gain or LossRecognized Gain or Loss is the difference between the…
Q: ??!!
A: Understanding the Profit CalculationWhen analyzing the profit for this scenario, consider the…
Q: Morgan & Co. is currently an all-equity firm with 100,000 shares of stock outstanding at a…
A: Step 1: Calculate the Number of Shares RepurchasedMorgan & Co. is issuing $750,000 in debt to…
Q: Can you please solve this financial accounting question?
A: Step 1: Define Expected Return (Using CAPM Model)The Capital Asset Pricing Model (CAPM) is used to…
Q: Phoenix Industries has twelve million shares outstanding, generates free cash flows of $75 million…
A: To determine whether Phoenix Industries should invest in the new project or repurchase shares, we…
Q: What is the depreciation expense for the six months?
A: Step 1: Depreciable cost.= cost - estimated residual value= $30,000 - $6,000= $24,000 Step 2: Anual…
Q: hello teacher please solve questions account
A: Step 1: Definition of Variable Cost per Unit Using the High-Low MethodThe high-low method is used to…
Q: Metro incurred actual overhead costs of 175000, actual direct labor cost of 268000
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a rate set before the…
Q: Phoenix Industries has twelve million shares outstanding, generates free cash flows of $75 million…
A: Calculate the Value of the Firm with Investment:Present Value of Project's Free Cash Flows:…
Q: tell me correct solutions for this account questions
A: Step 1: Definition of Variable Cost per MileVariable cost per mile represents the cost that varies…
Q: Ans ? General Accounting question
A: Step 1: Define Total ReturnTotal Return measures the overall profitability of an investment,…
Q: The following information relates to Westline Traders for a trading year. Calculate the overhead…
A: Step 1:First, calculate net sales: Net sales = Gross sales - Sales returns =…
Q: Give me correct answer this financial accounting question
A: Step 1: Define Residual Dividend PolicyThe Residual Dividend Policy is a strategy where dividends…
Q: How many units must be sold to reach this profit goal ? General accounting
A: Step 1: Definition of Break-Even and Target Profit Sales VolumeThe break-even and target profit…
Q: Need help with this financial accounting question please answer
A: Step 1: Define Alternate Valuation DateThe alternate valuation date is an election available to…
Q: Consider a four-year project with the following information: Initial fixed asset investment =…
A: To determine how sensitive the Operating Cash Flow (OCF) is to changes in quantity sold, we need to…
Q: can you please solve this
A: Step 1: Introduction to accounting equationAccounting equation refers to that equation which…
Q: need help this answer
A: Step 1: Definition of Product CostsProduct costs refer to all costs associated with manufacturing a…
Q: Can you help me with accounting questions
A: Step 1: Definition of Labor Efficiency VarianceLabor efficiency variance measures the difference…
Q: Hello tutor please give me correct answer general Accounting
A: Detailed explanation:To determine Alpha Technologies' cost of equity capital, we use the Capital…
Q: Abc
A: Step 1: Calculation of Earnings Before TaxEarnings Before Tax = Sales - Costs - Depreciation Expense…
Q: What was the actual direct materials cost?
A: Step 1: Definition of Total Actual Direct Materials CostTotal actual direct materials cost is the…
Q: 4 POINT
A: Explanation of Days' Receivables (Days Sales Outstanding - DSO):Days' Receivables, also known as…
Q: What is the project's expected rate of return on these financial accounting question?
A: Calculation:Formula: Expected Return=Rf+β(Rm−Rf)Substituting the values in the formula:Expected…
Q: need this general accounting subjects solutions
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures how efficiently a…
Q: Please provide correct answer
A: Step 1: Define Intangible AssetsIntangible assets are non-physical assets that provide long-term…
Q: expert of account answer
A: Step 1: Definition of Accounting EquationIn every business, the accounting equation is always…
What is its debt to capital ratio of this financial accounting question?


Step by step
Solved in 2 steps

- What is its debt to capital ratio on these financial accounting question?The Mikado Company has a ratio of long-term debt to long-term debt plus equity of .32 and a current ratio of 1.8. Current liabilities are $880, sales are $6,300, profit margin is 8.9 percent, and ROE is 19.3 percent. What is the amount of the firm's net fixed assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Net fixed assetsThe Lawrence Company has a ratio of long-term debt to long-term debt plus equity of .34 and a current ratio of 1.6. Current liabilities are $900, sales are $6,320, profit margin is 9.1 percent, and ROE is 19.5 percent. What is the amount of the firm's net fixed assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Net fixed assets
- The Rossdale Company has a ratio of long-term debt to long-term debt plus equity of .34 and a current ratio of 1.29. Current liabilities are $1,450, sales are $7,380, profit margin is 8.1 percent, and ROE is 14.3 percent. What is the amount of the firm’s net fixed assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)The Lawrence Company has a ratio of long-term debt to long-term debt plus equity of .43 and a current ratio of 1.5. Current liabilities are $990, sales are $6, 410, profit margin is 9.3 percent, and ROE is 20.4 percent. What is the amount of the firm's net fixed assets? (Do not round intermedifate calculations and round your answer to 2 decimal places, e.g., 32.16.) P.S $331.79 is not a correct answer!!The Mikado Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of 47 and a current ratio of 1.36. Current liabilities are $2,440, sales are $10,600, profit margin is 12 percent, and ROE is 17 percent. What is the amount of the firm's net fixed assets? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Net fixed assets
- ansThe Mikado Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .49 and a current ratio of 1.38. Current liabilities are $2,450, sales are $10,630, profit margin is 10 percent, and ROE is 15 percent. What is the amount of the firm’s net fixed assets?(Market value analysis) Lei Materials' balance sheet lists total assets of $1.35 billion, $196 million in current liabilities, $421 million in long-term debt, $733 million in common equity, and 52 million shares of common stock. If Lei's current stock price is $50.89, what is the firm's market-to-book ratio? The market-to-book ratio is (Round to two decimal places.)
- What is the net income?Pickler Company has a debt-equity ratio of 1.39. Return on assets is 7.64 percent, and total equity is $695,000. a. What is the equity multiplier? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the return on equity? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the net Income?The Lawrence Company has a ratio of long term debt to long term debt plus equity of .39 and a current ratio of 1.7. Current liabilities are 950, sales are 6370, profit margin is 9.8 percent, and ROE is 20 percent. What is the amount of the firms net fixed assets?

