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Answer each of the questions in the following unrelated situations.(a) The current ratio of a company is 5:1 and its acid-test ratio is 1:1. If the inventories and prepaid items amount to $485,000, what is the amount of current liabilities? Current Liabilities $(b) A company had an average inventory last year of $196,000 and its inventory turnover was 5. If sales volume and unit cost remain the same this year as last and inventory turnover is 8 this year, what will average inventory have to be during the current year? Average Inventory $(c) A company has current assets of $89,000 (of which $42,000 is inventory and prepaid items) and current liabilities of $42,000. What is the current ratio? What is the acid—test ratio? If the company borrows $14,000 cash from a bank on a 120—day loan, what will its current ratio be? What will the acid—test ratio be?Current Ratio :1Acid Test Ratio :1New Current Ratio :1(d) A company has current assets of $570,000 and current liabilities of $250,000. The board of directors declares a cash dividend of $196,000.What is the current ratio after the declaration but before payment? What is the current ratio after the payment of the dividend?Current ratio after the declaration but before payment :1 Current ratio after the payment of the dividend :1
You have an asset that will pay you a first payment of $10 in 2 years, then every year for the next 100 years. Assuming a cost of capital of 10%, what is the approximate present value of these 101 payments?
If you do not want to make any further contributions to your retirement fund, how much do you need today?
Soft capital rationing is imposed on a firm from ____ sources, while hard capital rationing is imposed from ____ sources.
The returns on the common stock of New Image Products are quite cyclical. What is standard deviation of the returns on this stock?
You are planning to buy a condominium in 3 years and estimate that you will need $30,000 for a down payment. If the interest rate you can earn at the bank is 4%, and you can save $5,000 today, $7,500 at the end of the first year, and $10,000 at the e..
Besides potential redemption requests from investors, fund managers will adjust their portfolios based on new market information.
Music City, Inc., has no debt outstanding and a total market value of $295,000. Earnings before interest and taxes, EBIT, are projected to be $22,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 25..
"Strategy has two major dimensions: positioning for the present and adapting to the future".
When calculating the present value of money to be paid or received in the future, what are the 2 considerations in determining r?
Red Shoe Co. has concluded that additional equity financing will be needed to expand operations and that the needed funds will be best obtained through a rights offering. It has correctly determined that as a result of the rights offering, the share ..
what is the value of this bond if it matures in 5 years?
Suppose that MNINK Industries’ capital structure features 63 percent equity, 7 percent preferred stock, and 30 percent debt. Assume the before-tax component costs of equity, preferred stock, and debt are 11.40 percent, 9.30 percent, and 8.00 percent,..
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