Tulips Company has a DSO of 40 days, and its annual sales are P7,300,000. What is its accounts receivable balance? Assume that it uses a 365-day year.
Problem 1 (Day Sales Outstanding)
Tulips Company has a DSO of 40 days, and its annual sales are P7,300,000. What is its accounts receivable balance? Assume that it uses a 365-day year.
Problem 2 (Debt Ratio)
Jasmine Inc. has an equity multiplier of 2.4, and its assets are financed with some combination of long-term debt and common equity. What is its debt-to-assets ratio?
Problem 3 (Market/Book Ratio)
Alessandra Company has P10 billion in total assets. Its balance sheet shows Pl billion in current liabilities, P3 billion in long-term debt, and P6 billion in common equity. It has 800 million shares of common stock outstanding and stock price is P32 per share. What is Alessandra Company market/book ratio?
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