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Determine and find north star long-term debt

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Reference no: EM132480862

Question 1. Last year Kendall Enterprises (KE) had earnings per share of $5 and dividends per share of $2. Total retained earnings increased by $12 million during the year, while book value per share at year-end was $40. KE has no preferred stock, and no new common stock was issued during the year. If its year-end total debt was $120 million, what was the company's total debt to total capital ratio?

Note: answer is a percentage, enter only the number

Question 2. North Star had the following data (thousands of dollars):

Cash and equivalents 100.00

Fixed assets 283.50

Sales 1,000.00

Net income 50.00

Current liabilities 105.50

Notes payable to bank 20.00

Current ratio 3.00

DSO 40.55 days

ROE 12.00%

North Star has no preferred stock-only common equity, current liabilities, and long-term debt.

Question 2 a. Find North Star's (1) Average sales per day.

Question 2 b. Find North Star's (2) accounts receivable.

Question 2 c. Find North Star's (3) current assets.

Question 2 d. Find North Star's (4) total assets.

Question 2 e. Find North Star's (6) common equity.

Question 2 f. Find North Star's (7) inventory.

Question 2 g. Find North Star's (9) long-term debt.

Reference no: EM132480862

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