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Lloyd Inc. has sales of $300,000, a net income of $30,000, and the following balance sheet: Cash $43,680 Accounts payable $88,140 Receivables 108,420 Notes payable to bank 54,600 Inventories 327,600 Total current liabilities $142,740 Total current assets $479,700 Long-term debt 118,560 Net fixed assets 300,300 Common equity 518,700 Total assets $780,000 Total liabilities and equity $780,000 The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry average, 1.75x, without affecting sales or net income. If inventories are sold and not replaced (thus reducing the current ratio to 1.75x); if the funds generated are used to reduce common equity (stock can be repurchased at book value); and if no other changes occur, by how much will the ROE change? Do not round intermediate calculations. Round your answer to two decimal places. What will be the firm's new quick ratio? Do not round intermediate calculations. Round your answer to two decimal places.
Money has different values based on time. Money in your pocket has a current value, but money owed to you has a varying value based on how sure it is that you will receive it and when. Find the following values for a lump sum assuming annual compound..
Regarding the auto industry, do you see vehicles being standard across the globe so manufacturers don't need to create different models in different areas? Chances are that in 20 years driverless cars will be common if not prevalent so this industry ..
Which one of these is a requirement when computing the net present value of a capital project?
On Sept. 9, 2015, the Justice Department announced it will “will try harder to hold company executives responsible for corporate crimes.” The Justice Department had followed a policy of prosecuting companies - instead of individuals within a company...
In many cases, banks do not permit depositors to spend the proceeds of a deposit until several days have elapsed. What risks do banks face in the check clearing process? Does this justify holds on checks?
An unlevered firm has a cost of capital of 11.3 percent and a tax rate of 34 percent. The firm is considering a new capital structure with 60 percent debt. The interest rate on the debt would be 7.25 percent. What would be the firm's levered cost ..
Boyd purchases a snow blower costing $1,752 by taking out a 13.5% add-on installment loan. The loan requires a 35% down payment and equal monthly payments for 2 years. How much is the finance charge on this loan?
Bank 1 lends funds at a nominal rate of 10% with payments to be made semiannually. Bank 2 requires payments to be made quarterly. If Bank 2 would like to charge the same effective annual rate as Bank 1, what nominal annual rate will they charge their..
Show Calculations and formulas- F.Q Loans Inc. offers "five for four, or I knock on your door." This means you get $4 today and repay $5 when you get your paycheck in 1 week (or else). Whats the effective annual return F.Q earns on this lending busin..
Whats the monthly payment and how much is the borrowers income tax write off in the first year?
1. assume that you were a manager of a large department in a company and you received a request from your supervisors
Choose a country (not the United States or Canada) that has not already been chosen by another learner and post your country choice in the discussion area. Then, identify some political and currency risks of that country and discuss why a U.S. compan..
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