Question

Days Sales Outstanding Greene Sisters has a DSO of 24 days. The company's average daily sales are $44,000. What is the level of its accounts receivable? Assume there are 365 days in a year. $

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Debt Ratio

Vigo Vacations has $205 million in total assets, $5.0 million in notes payable, and $25.5 million in long-term debt. What is the debt ratio? Round your answer to two decimal places.

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ROE

Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.1. Its sales are $80 million and it has total assets of $56 million. What is its Return on Equity (ROE)? Round your answer to two decimal places.

%

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4

Problem 3-6
Du Pont Analysis

Gardial & Son has an ROA of 8%, a 4% profit margin, and a return on equity equal to 17%.

1. What is the company's total assets turnover? Round your answer to two decimal places.
   
2. What is the firm's equity multiplier? Round your answer to two decimal places.

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Problem 3-8
Profit Margin and Debt Ratio

Assume you are given the following relationships for the Haslam Corporation:

Sales/total assets	2.5
Return on assets (ROA)	4%
Return on equity (ROE)	5%

1. Calculate Haslam's profit margin. Do not round intermediate calculations. Round your answer to two decimal places.
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2. 
   
3. Calculate Haslam's liabilities-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places.
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4. 
   
5. Suppose half of Haslam's liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places.
   %

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Problem 3-10
Times-Interest-Earned Ratio

The Morris Corporation has $500,000 of debt outstanding, and it pays an interest rate of 8% annually. Morris's annual sales are $2 million, its average tax rate is 30%, and its net profit margin on sales is 3%. If the company does not maintain a TIE ratio of at least 5 to 1, its bank will refuse to renew the loan and bankruptcy will result. What is Morris's TIE ratio? Round intermediate calculations to two decimal places. Round your answer to two decimal places.

Answer 1

days of sales outstanding = number of days in a year/receivables turnover

24 = 365/Receivables turnover

Receivables turnover = 15.20833

Receivables turnover = Credit sales/receivables

15.20833 = 44000/Receivables

Receivables = 2893.15

Please ask remaining parts seperately, questions are unrelated