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You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances: cash and marketable securities = $400,000; accounts receivable = $1,200,000; inventory = $2,100,000; accrued wages and taxes = $500,000; accounts payable = $800,000; and notes payable = $600,000. Calculate PattyCake’s current ratio. (Round your answer to 2 decimal places.) Current ratio times: Calculate PattyCake’s quick ratio. (Round your answer to 2 decimal places.) Quick ratio times: Calculate PattyCake’s cash ratio. (Round your answer to 2 decimal places.) Cash ratio times:
A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $35.00 per unit for all successive units. What is the average varia..
Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds to the public. The bonds had a 13.04 percent coupon rate and paid interest annually. It is now 19 years later. The current market rate of interest on the Bright Sun bonds is 11.22 perce..
You are given the following information for Calvani Pizza Co.: sales = $50,000; costs = $22,600; addition to retained earnings = $7,150; dividends paid = $2,600; interest expense = $5,000; tax rate = 35 percent. Calculate the depreciation expense.
You own a portfolio that has $3,500 invested in Stock A and $4,500 invested in Stock B. If the expected returns on these stocks are 11 percent and 14 percent, respectively, what is the expected return on the portfolio?
App Store Co. issued 15-year bonds one year ago at a coupon rate of 7.1 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.4 percent, what is the current bond price?
You are considering the acquisition of a $1.8m apartment building that you anticipate will produce $167,000 per year in net operating income (NOI) that you will sell after 5 years for $2m. What is the unlevered IRR of the investment? What is levered ..
RV Ventures has designed a new fuel efficient motor for their deluxe RV. Product development will continue for the next four years at an estimated cost of $250,000 annually, with the first payment to be made immediately. Assuming a forecast bias of +..
A stock price is currently $100. Over each of the next two six-month periods it is expected to go up by 12% or down by 6%. The risk-free interest rate is 5%. What is the risk-neutral probability that the stock price will increase each period? (Report..
Describe how Marsden Ltd could use a bear spread to hedge its position. Assume the spot rate of the Canadian dollar in one month is £0.48. Was the hedge effective?
An engineer has generated an oil production forecast for a group of wells. According to this forecast, the wells produce 30,000 barrels in the first year. Starting the second year, production declines by 2,000 barrels per year for 4 years. Starting t..
1. under what conditions will one observe floating exchange rates operating in the gold standard system2. many
What is the price of a U.S. Treasury bill with 56 days to maturity quoted at a discount yield of 1.20 percent? Assume a $1 million face value.
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