Reference no: EM13853543
1. SDJ, Inc., has net working capital of $1,490, current liabilities of $4,660, and inventory of $1,845.
(a) What is the current ratio?
(b) What is the quick ratio?
2. Wakers, Inc., has sales of $32 million, total assets of $24 million, and total debt of $9 million.
(a) If the profit margin is 8 percent, what is the net income?
(b) What is the ROA?
(c) What is the ROE?
3. Ortiz Lumber Yard has a current accounts receivable balance of $317,615. Credit sales for the year just ended were $2,938,600.
(a) What is the receivables turnover?
(b) What is the days' sales in receivables?
4. Crystal Lake, Inc., has a total debt ratio of 0.31.
(a) What is its debt-equity ratio?
(b) What is its equity multiplier?
5. Use the following information to answer this question.
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Windswept, Inc. 2010 Income Statement ($ in millions)
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Net sales
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$ 9,600
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Less: Cost of goods sold
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7,810
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Less: Depreciation
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470
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Earnings before interest and taxes
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$ 1,320
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Less: Interest paid
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106
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Taxable Income
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$ 1,214
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Less: Taxes
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425
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Net income
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$ 789
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Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)
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2009
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2010
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2009
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2010
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Cash
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$ 240
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$ 270
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Accounts payable
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$ 1,410
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$ 1,410
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Accounts rec.
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1,020
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920
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Long-term debt
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1,110
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1,310
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Inventory
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1,840
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1,710
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Common stock
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$ 3,360
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$ 3,280
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Total
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$ 3,100
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$ 2,900
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Retained earnings
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650
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900
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Net fixed assets
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3,430
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4,000
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Total assets
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$ 6,530
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$ 6,900
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Total liab. & equity
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$ 6,530
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$ 6,900
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What is the quick ratio for 2010?
Use the following information to answer this question.
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Windswept, Inc. 2010 Income Statement ($ in millions)
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Net sales
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$ 11,550
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Less: Cost of goods sold
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8,200
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Less: Depreciation
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445
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Earnings before interest and taxes
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$ 2,905
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Less: Interest paid
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110
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Taxable Income
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$ 2,795
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Less: Taxes
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978
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Net income
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$ 1,817
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Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)
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2009
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2010
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2009
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2010
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Cash
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$ 330
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$ 360
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Accounts payable
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$ 1,990
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$ 2,067
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Accounts rec.
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1,210
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1,110
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Long-term debt
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1,120
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1,403
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Inventory
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2,150
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1,820
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Common stock
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$ 3,460
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$ 3,080
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Total
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$ 3,690
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$ 3,290
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Retained earnings
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700
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950
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Net fixed assets
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3,580
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4,210
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Total assets
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$ 7,270
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$ 7,500
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Total liab. & equity
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$ 7,270
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$ 7,500
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What is the equity multiplier for 2010?
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