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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Question 1:
Question 2:
Williams, Inc., has an ROA of 6 percent and a payout ratio of 17
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: _______ %
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...
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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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Concord Corporation experienced a fire on December 31, 2017, in which its financial records were partially destroyed. It...
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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
Cash
$ 36,300
$ 19,700
Accounts receivable
(net)
80,900
128,900
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.
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: _______ %
Question 3:
SDJ, Inc., has net working capital of $2,160, current
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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Saved Wims, Inc., has sales of $18.3 million, total assets of $13.3 million and total debt of $4.1 million. The profit margin is 11 percent. 2:33:21 a. What is the company's net income? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g.. 32.16.)...
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Concord Corporation experienced a fire on December 31, 2017, in
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
Cash
$ 36,300
$ 19,700
Accounts receivable
(net)
80,900
128,900
Inventory
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183,700
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Notes payable
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1.
The inventory turnover is 3.7
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