What is the firm balance of current assets

Assignment Help Financial Management
Reference no: EM131985193

Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 13 times, profit margin = 26.3%, net income available to common stockholders = $4.3 million, and current liabilities = $1.3 million. What is the firm's balance of current assets?

Reference no: EM131985193

Questions Cloud

Determine the bonds semi-annual coupon payment : A bond with a 1000 face amount pays semiannual coupons at a rate of X% per year. Determine the bonds semi-annual coupon payment.
Coupon bond making annual coupon payments : Find the duration of a 7.6% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 7.6%.
What is the probability that your return on this asset : What is the probability that your return on this asset will be less than –3.3 percent in a given year?
With the necessary capital injection : With the necessary capital injection of CZK 100 million. CZK and the bank would like interest for 6% for a possible loan?
What is the firm balance of current assets : What is the firm's balance of current assets?
How much should be allocated to each type of loan : How much should be allocated to each type of loan? What is the total annual return? What is the annual percentage return?
Libor played such central role in international business : Why has LIBOR played such central role in international business and financial contracts? Why has this been questioned in recent debates over its value reported
What is the bonds market price : The yield on the bond is 7% per annum. Assume all rates are continuously compounded.
Find the amount of the cash flow to stockholders : Six months ago, Benders Gym repurchased $140,000 of its common stock. The company pays regular dividends totaling $18,500 per quarter.

Reviews

Write a Review

Financial Management Questions & Answers

  What is its debt-equity ratio-what is its equity multiplier

Levine, Inc., has a total debt ratio of .38. What is its debt-equity ratio? What is its equity multiplier?

  Expect to earn these after-tax cash flows

You can buy a business for $40,000. If you buy it, you can expect to earn these after-tax cash flows during Years 1 through 3: Year 1 = $5,000, Year 2 = $6,000,

  What is the effective annual rate on this arrangement

A firm sells its $1,160,000 receivables to a factor for $1,136,800. The average collection period is 1 month. What is the effective annual rate on this arrangement?

  Tax consequences

If Bonnie is in a 35% marginal tax bracket for federal income tax purposes, what are the tax consequences of her ownership and sale of the bonds?

  Use pure expectations hypothesis-expected interest rate

The following table shows the price of $1000 face value 1-year, 2-year, 3-year, 9-year and 10-year US Treasury zero coupon bonds as of Oct. 17, 2016. Use pure expectations hypothesis to determine: the expected interest rate on a 1-year bond one year ..

  Global-specific are those risks

Country-specific are those risks that also affect the MNE at the project or corporate level but originate at the country level. Global-specific are those risks that affect the MNE at the project or corporate level but originate at the global level (e..

  Remaining principal immediately after the first payment

what will be the remaining principal immediately after the first payment is made?

  What are portfolio weights of each stock

What are the portfolio weights of each stock?

  Calculate both the payback period and simple rate of return

Calculate both the Payback Period, and the Simple Rate of Return for this proposed investment,

  What does steepening yield curve suggest about the economy

What does a steepening yield curve suggest about the economy?

  Mutual fund-hedge fund and brokerage fund

What is the difference between a Mutual Fund, Hedge Fund Brokerage Fund and an Investment Bank?

  Venture capital firms need to make such high rates of return

When we consider taking venture capital to finance our business, we discover that venture capital firms require very high rates of return on their investment.  Rates between 40% and 50% percent are not uncommon. Why is it that venture capital firms n..

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