What is its account receivable balance

Assignment Help Accounting Basics
Reference no: EM132743618

Question: 1. Webster Company reported sales for 2020 of $400,000. Webster Company listed $25,000 of inventory on its balance sheet. Using a 365-day year, how many days did Webster Company's inventory stay on the premises? How many times per year did Webster Company inventory turnover?

2. Roberts and Company's market-to-book ratio is currently 4.5 times and PE ratio is 10.5 times. If Roberts and Company's common stock is currently selling at $150 per share, what is the book value per share and earnings per share?

3. Last year Smith and Company had an ROA of 35 percent, a profit margin of 12 percent, and sales of $4 million. What is Smith Company's total assets?

4. You are thinking of investing in Ski Sports, Inc. You have only the following information on the firm at year-end 2020: net income = $85,000, total debt = $1 million, and debt ratio = 70 percent. What is Ski's ROE for 2020?

5. A firm has EBIT of $400,000 and depreciation expense of $24,000. Fixed charges total $44,000. What is the firm's cash coverage ratio?

6. A firm has cash of 200,000, accounts receivable of 75,000, prepaid expenses of 12,500, accounts payable of 50,000, other current liabilities of 35,000, common stock of 375,000 and long term liabilities of 65,000. The firm also produced a profit of 20,000 during the last calendar year. What is the firms working capital?

7. Which company has the most risk from an investor's standpoint? Firm A has a PE of 84 times and Firm B has a PE of 16 times. Assume both firms operate in the same industry. Firm A has fewer shares outstanding than Firm B.

8. A firm has an ACP of 35 days and its annual sales are $5.3 million. What is its account receivable balance?

Reference no: EM132743618

Questions Cloud

Calculate the amount of severance pay : John Peterson was employed by an insurance company in, Lethbridge, Alberta since July 1986. He was earning $1800 biweekly when his employment was terminated on.
Identify the more popular types of bonds : Identify the more popular types of bonds and elaborate where necessary.
How much is non-controlling interest under partial goodwill : Basahin Company acquires 80% of Mabuti Company for P600,000 on January 1, 20x8. Mabuti reported capital stock of P400,000 and retained earnings of P200,000.
Find and record the entry for purchase : The appraised values are $135,000, $67,500, and $22,500 for land, building, and equipment, respectively. In journal provided, record the entry for purchase
What is its account receivable balance : Webster Company reported sales for 2020 of $400,000. Webster Company listed $25,000 of inventory on its balance sheet. Using a 365-day year.
How much money do you need to invest today : How much money do you need to invest today in order to be able to pay for the 4 years of college when your niece turns 18 years old
Estimate cash receipts for each month of the first quarter : Credit sales in December 2017 are expected to be $194,000. Estimate cash receipts for each month of the first quarter of 2018
Describe the accounting treatment required by codification : Describe the accounting treatment required by the Codification for each alternative. Support your explanations with draft journal entries.
How calculate the net present value or npv of the project : 10% each year from the initial revenue of $6,500,000. Assume company's cost of capital is 10%. Calculate the Net Present Value (NPV) of the project.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Demonstrate the knowledge of the tally software

Demonstrate your knowledge of the Tally Software by preparing a schedule which shows the classifications that you would use to create Accounting groups

  Complete a trial balance in good form as of june

Complete a trial balance in good form as of June 30, 20xx (make sure you have headers and totals). There should be no hardcoded numbers on the trial balance

  What is a consignment arrangement

What is a consignment arrangement? Explain the accounting treatment of goods held on consignment.

  Budgeted production 1000 units actual production 980

budgeted production 1000 units actual production 980 unitsmaterials standard price per lb 2.00 standard pounds per

  Prepare colah journal entries for the purchase of jackson

Prepare Colah's journal entries for the purchase of the Jackson bonds on July 1 and Interest revenue for the last half of 2021 and Any year-end 2021 adjusting

  Calculate the total dividends and the per-share dividends

Calculate the total dividends and the per-share dividends declared on each class of stock for year 1 and year 2. Show all work for year 1 and year 2

  The treasury stock purchased in above question was resold

chen inc. purchases 1000 shares of its own previously issued 5 per common stock for 12000. assuming the shares are held

  Determine the internal rate of return on the investment

Determine the internal rate of return on the investment, ignore taxes and determine the net present value of the investment, ignore taxes.

  How does record in bookkeeping

Amy has offered to convert an accounts payable obligation to a Note. How does she record this in her Bookkeeping? What is the gross payroll accrued through 5/31

  Components of deferred tax assets and liabilities

Components of Deferred Tax Assets and LiabilitiesThe components of deferred tax assets and liabilities at December 31 were as follows (in millions):

  How much cash was collected in 2010 on this contract

What was the initial estimated total income before tax on this contract?

  Why would errors be reduced if a company switched

Why would errors be reduced if a company switched input methods from manual keying of source documents to a bar code system?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd