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.