Homework Answers
total assets = debt/debt ratio
= 650000/0.33
= 1969696.97
equity = 1969696.97 - 650000
= 1319696.97
Return on equity = net income/equity
=>
net income = 1319696.97 * 0.147
= 193995.46
return on assets = net income/assets
= 193995.45/1969696.97
= 9.85%
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percent.
What is its internal growth rate? (Do not round
intermediate calculations and enter your answer as a percent
rounded to 2 decimal places, e.g., 32.16.)
Internal growth rate: _______ %
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What is the current ratio? (Do not round
intermediate calculations and round...
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following balances.
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December 31, 2016
Cash
$ 36,300
$ 19,700
Accounts receivable
(net)
80,900
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Inventory
209,700
183,700
Accounts payable
53,700
89,800
Notes payable
33,600
68,000
Common stock, $100 par
407,000
407,000
Retained earnings
119,600
105,100
Additional information:
1.
The inventory turnover is 3.7
times.
2....
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Question 1:
Question 2:
Williams, Inc., has an ROA of 6 percent and a payout ratio of 17
percent.
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intermediate calculations and enter your answer as a percent
rounded to 2 decimal places, e.g., 32.16.)
Internal growth rate: _______ %
Question 3:
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liabilities of $5,510, and inventory of $1,240.
What is the current ratio? (Do not round
intermediate calculations and round...
I want to double check my work to see if I did it correctly.
Please compare my answers with yours, thank you.
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which its financial records were partially destroyed. It has been
able to salvage some of the records and has ascertained the
following balances.
December 31, 2017
December 31, 2016
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$ 19,700
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