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Ordonez Lumber Yard has a current accounts receivable balance of $448,016. Credit sales for the year just ended were $9,153,500.
What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Receivables turnover times
What is the days’ sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Days’ sales in receivables days
How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Debt financing is more risky for firms than preferred stock financing because
Suppose that the index model for stocks A and B is estimated from excess returns with the following results: RA = 2.0% + 0.4RM + eA RB = –1.8% + 0.9RM + eB σM = 15%; R-square A = 0.30; R-square B = 0.22 Break down the variance of each stock to the sy..
Robert and Deborah Philabaun owned Philabaun's Hidden Cove Resort. When about to undergo surgery for lung cancer, Robert handwrote a document titled "Agreement", which only he signed. Did he have an enforceble contract to buy the resort?
Consider the following binomial option pricing problem involving an American call. This call has two periods to go before expiring. Its stock price is 30, and its exercise price is 25. The risk free rate is .05, the value of u is 1.15, and the value ..
High Mountain Gear issued 385,000 shares of stock last week. The underwriters charged a spread of 7.2 percent in exchange for agreeing to a firm commitment. The legal and accounting fees were $302,000. The company incurred $39,000 in indirect costs. ..
XYZ corporation is authorized for 1,000,000 shares and currently has 800,000 shares outstanding. In an attempt to raise additional capital, XYZ decides to issue the remaining 200,000 shares for which it is authorized to do so. The issuance of an addi..
A hedge fund with net asset value of $80 per share currently has a high water mark of $88. Suppose it is January 1, the standard deviation of the fund’s annual returns is 49%, and the risk-free rate is 5%. The fund has an incentive fee of 15%. What i..
What are the attributes, advantages and disadvantages of both public and private debt - When a firm finds projects that are expected to build stockholder wealth
Suppose your firm has decided to build a 10-story office building. Find three leasing companies that provide such real estate leasing.
Valuing Preferred Stock: Gesto, Inc., has an issue of preferred stock outstanding that pays a $5 dividend every year, in perpetuity. If this issue currently sells for $84.12 per share, what is the required return?
Compute the NPV of this project at a 17 percent cost of capital.- If the risk-free rate is 8 percent, what is the certainty equivalent NPV for project Alpha?
Name a firm that mitigated foreign exchange risk through methods such as currency swaps, currency futures, forward transactions, etc. What method was used and what was the result? If the firm has used a different method, would the result have been th..
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