Reference no: EM132473615

1. Tony's Deli has cash of $145, accounts receivable of $99, accounts payable of $219, and inventory of $413. What is the value of the quick ratio?

2. A firm has a debt-equity ratio of 0.41. What is the total debt ratio?

3. A firm has total debt of $4,695 and a debt-equity ratio of 0.56. What is the value of the total assets?

4. Teen's Fashion has a debt-equity ratio of 42 percent, sales of $739,000, net income of $41,250, and total debt of $202,150. What is the return on equity?

5. The Beauty Supply Co. has current accounts receivable balance of $328,000. Credit sales for the year just ended were $1,935,000. How may days on average did it take for credit customers to pay off their accounts during this past year? (assume 365 days= 1 year)

6. Joe's Sport Shop has sales of $894,250, cost of goods sold of $719,300, inventory of $201,300, and accounts receivable of $72,105. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? (assume 365 days= 1 year)

7. Matt Clothing has annual sales of $679,325, total debt of $209,000, total equity of $353,000, and profit margin of 4.80 percent. What is the return on assets?

8. The Farmer's Market has $725,000 in sales. The profit margin is 4.1 percent and the firm has 8,500 shares of stock outstanding. The market price per share is $23. What is the price-earnings ratio?

9. Dallas Foods has current sales of $5,500 and a profit margin of 5.5 percent. The firm estimates that sales will increase by 4 percent next year and that all cost will vary in direct relationship to sales. What is the pro forma net income?

10. The Shoes Plaza expects sales of $428,600 next year. The profit margin is 5.2 percent and the firm has a 30 percent dividend payout ratio. What is the projected increase in retained earnings.