The following information is availab Time left 1:51:53 Company. Number of shares = 500000 Long-term debt = $4500000 EBIT = $4500000 Income tax rate = 35% Total assets = $18000000 interest rate on bonds = 0.06 Short-term liabilities $2000000 Average inventory $35000000 COGS = $6500000 current asset =3500000. COGS is 60% of sales. find inventory turnover interest expense interest coverage ratio net income earning per share book value per share

The following information is availab Time left 1:51:53 Company. Number of shares = 500000 Long-term debt = $4500000 EBIT = $4500000 Income tax rate = 35% Total assets = $18000000 interest rate on bonds = 0.06 Short-term liabilities $2000000 Average inventory $35000000 COGS = $6500000 current asset =3500000. COGS is 60% of sales. find inventory turnover interest expense interest coverage ratio net income earning per share book value per share

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

1. Complete the balance sheet for Energy Corp., given the following information Additionally, the following information is provided: Debt ratio = 40% DSO = 39 days Costs of goods sold = $1.6875 million Sales = $2.25 million Inventory turnover ratio = 3.375 Current ratio = 1.5
The following data apply to the next six problems. Consider Fisher & Company's financial data as follows (unit: millions of dollars except ratio figures):Cash and marketable securities $100Fixed assets $280Sales $1,200Net income $358Inventory $180Current ratio 3.2Average collection period 45 daysAverage common equity $500 Calculate the amount of the long-term debt.(a) $134 (b) $500(c) $74 (d) $208
2.The Moon Company had net income in 2022 of AED 40 million. Here are some of the financial ratios from the annual report. Return on Assets = 5% Debt Assets Ratio = 55% Profit Margin = 4.5% Inventory in days = 20 days Using these ratios, calculate the following for the Remal Company: a) Salesb) Total assetsc) Total asset turnover d) Total debte) Stockholders' equity f) Return on equityg) Inventory
You are given the following income statement and balance sheet: Income Statement Sales EBT Taxes (40%) Net Income Cash A/R Inventories Total CA Fixed Assets Total Assets $15,000 $800 $320 $480 Balance Sheet $100 $2,000 $4.000 Accounts Payable Debt Common Stock Retained Eamings $6,100 $1,900 $8,000 Total Claims $1,000 $4,000 $2,000 $1,000 $8,000 Now make the following forecast and assumptions for the upcoming year: Sales are expected to increase by $5.400 over the coming year. All assets and accounts payable can be expressed as a percentage of sales. The firm's profit margin will remain at 3.2 percent. The firm has a dividend payout rate of 75 percent. Using the equation method, determine the additional funds needed for the coming yea
What is the price earnings ratio for this company? Round your answer to one decimal point. Assets: Cash and short-term investments $ 40,000 Accounts receivable (net) 25,000 Inventory 20,000 Property, plant and equipment 210,000 Total assets $295,000 Liabilities and Stockholders' Equity Current liabilities 60,000 Long-term liabilities 85,000 Stockholders' equity-common 150,000 Total liabilities and stockholders' equity $295,000 Income Statement Net sales $ 85,000Cost of goods sold…
SLM, Inc., with sales of $800, has the following balance sheet: SLM, Incorporated Balance Sheet as of 12/31/X0 Assets Liabilities and Equity Accounts receivable $ 200 Trade accounts payable $ 120 Inventory 360 Long-term debt 510 Plant 800 Equity 730 $ 1,360 $ 1,360 It earns 9 percent on sales (after taxes) and pays no dividends. Round your answers to the nearest dollar. Determine the balance sheet entries for sales of $1,400 using the percent of sales method of forecasting. Accounts receivable: $ Inventory: $ Trade accounts payable: $ Will the firm need external financing to grow to sales of $1,400? If Yes, calculate the amount of external funding required, if No, enter zero. , the amount of the external funds needed is $ . Construct the new balance sheet and use newly issued long-term debt to cover a financial deficiency, if any. SLM, Incorporated Balance Sheet as of 12/31/X1 Assets Liabilities and Equity Accounts…
Current assets and Current liabilities of Company $2,325,000 and $956,000 respectively. Company is going to increase the inventory by taking short-term note. The current ratio should not exceed 2. What is the maximum amount of inventory that can be increased?
A company has the following balance sheet. What is its total net operating capital? (Round it to a whole dollar, if necessary) Cash $ 20 Accounts payable $ 45 Short-term investments 30 Accruals 50 Accounts receivable 50 Notes payable 10 Inventory 50 Current liabilities xxx Current assets xxx Long-term debt 70 Net fixed assets 100 Common equity 30 Retained earnings xx Total assets $xxx Total liab. & equity $xxx
Cash $ 30,000 Marketable securities $ 25,000 Accounts Receivable Inventory Total current Assets Net Fixed Assets Total Assets Accounts Payable $ 120,000 Short-term Notes Payable Accrued Liabilities $ 20,000 Total Current Liabilities Long-Term Debt Total Debt Stockholder's Equity $ 600,000 Total Liabilites and Equity Assumptions: Sales = $1,825,000 Gross profit margin = 30% Inventory Turnover = 7.0 365 days per year DSO = 40 days Current ratio = 1.40 Total Asset Turnover = 1.25 Complete the Balance Sheet below based on the given information
A company reports the following: Total Assets $390,000 Total Liabilities 140,000 Total Stockholders' Equity 250,000 Calculate the debt ratio. (Round your answer to two decimal places.) O A. 44% O B. 78.57% O C. 35.9% O D. 64.1%
Asiago Company reports the following year-end balance sheet data. The company's equity ratio equals: Cash Accounts receivable Total assets Long-term liabilities Inventory 60,000 Common stock 100,000 Retained Equipment 145,000 earnings 1.70 2.07 0.63 1.22 $ Current 40,000 liabilities 1.59 55,000 Total liabilities $ 75,000 $ 300,000 and equity 36,000 89,000 $ 300,000 <
Given the following information, compute the current and quick ratios: Cash $ 100,000 Accounts receivable 335,000 Inventory 487,000 Current liabilities 463,000 Long-term debt 619,000 Equity 621,000 Round your answers to two decimal places. Current ratio: :1 Quick ratio: :1