The total assets of National Co. is funded by both debt and equity with a debt to equity ratio of 100%. If National Co. has a retained earnings breakpoint of P1,225,000, the additions to the retained earnings during the year amounts to
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The total assets of National Co. is funded by both debt and equity with a debt to equity ratio of 100%. If National Co. has a
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- The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich’s annual sales?Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Refer to the information for Juroe Company on the previous page. Also, assume that Juroes total assets at the beginning of last year equaled 17,350,000 and that the tax rate applicable to Juroe is 40%. Required: Note: Round answers to two decimal places. 1. Calculate the average total assets. 2. Calculate the return on assets.Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectively
- The total assets of Gs Co. is funded by both debt and equity with a debt to equity ratio of 100%. If Gs Co. has a retained earnings breakpoint of P1,225,000, the additions to the retained earnings during the year amounts toCo. is funded by both debt and equity with a debt to equity ratio of 100%. If Co. has a retained earnings breakpoint of P1,225,000, the additions to the retained earnings during the year amounts toAt the beginning of the year, Norwood Pass Industries had $240,000 in total assets and a debt-to-assets ratio of 0.5 or 50%. During the year, Norwood's assets increased by $80,000, and its liabilities increased by $72,000. What is the debt-to-assets ratio at the end of the year? Multiple Choice 0.4 or 40% 0.6 or 60% 1.7 or 170% 0.9 or 90%
- The lawrence company has a ratio of long term debt to long term debt plus equity of .25 and a current ratio of 1.5. current liabilities are 900, sales are 6230 , profit margin is 8.1 percent what is the amount of the firms net fixt assets ?The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous YearAccounts payable $114,240 $102,000Long-term debt 127,200 120,000 Based on this information, what is the amount and percentage of increase or decrease that wouldbe shown on a balance sheet with horizontal analysis?Bulldogs Inc. is funded by both debt and equity and has a total liabilities to total asset ratio of 45%. If the firm has a retained earnings breakpoint of 3,250,000, how much is the additions to the retained earnings during the year?
- What do the following data, taken from a comparative balance sheet, indicate about the company’s ability to borrow additional long-term debt in thecurrent year as compared to the preceding year? Current Year Preceding YearFixed assets (net) $1,260,000 $1,360,000Total long-term liabilities 300,000 400,000The 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?Hondo Bank has the following data for the first month of the current year:Interest, commissions, and discounts from lending activities (remaining maturity of instrument is 5 years), P5,000,000Income from financial leasing (remaining maturity of the instrument is more than 5 years), P3,000,000Dividends and equity shares in net income of subsidiaries, P1,000,000Rentals of properties, P500,000Net trading gains within the taxable year on foreign currency, P300,000How much is the gross receipts tax?
