What is Pettijohn Inc’s debt ratio (debt-to-assets ratio)? Given the following information ($Millions) Select one: a....
What is Pettijohn Inc’s debt ratio (debt-to-assets ratio)? Given the following information ($Millions)
Select one:
a. 33.87
b. 35.00%
c. 36.40%
d. 38.00%
e. 40.00%
Homework Answers
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What is Pettijohn Inc’s debt ratio (debt-to-assets ratio)? Given
the following information ($Millions)
Select one:
a....
Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that...
Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets 2016 Cash and securities $ 1,554.0 Accounts receivable 9,660.0 Inventories 13,440.0 Total current assets $24,654.0 Net plant and equipment 17,346.0 Total assets $42,000.0 Liabilities and Equity...
Smith & Sons has a debt-equity ratio of.55. What is the total debt ratio? Select one:...
Smith & Sons has a debt-equity ratio of.55. What is the total debt ratio? Select one: a. .46 b. .55 c. .51 d. .49 e. .35 Glen Acre Wines has sales of $682,100, total debt of $285,000, total equity of $323,900, and a profit margin of 8 %. What is the return on assets? Select one: a. 9.17 % b. 9.11 % c. 6.28 % d. 9.03 % e. 8.96 %
Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that...
Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets 2016 Cash and securities $ 1,554.0 Accounts receivable 9,660.0 Inventories 13,440.0 Total current assets $24,654.0 Net plant and equipment 17,346.0 Total assets $42,000.0 Liabilities and...
assets Total current liabilities Debt Ratio C. Debt ratio -the proportion of a company's assets financed...
assets Total current liabilities Debt Ratio C. Debt ratio -the proportion of a company's assets financed with debt. Debt ratio = Total Liabilities Total Assets D How transactions affect the ratios Given the following balances: Current Assets $150,000 Current Liabilities 75,000 Total Assets Total Liabilities 300,000 120,000 1. What is net working capital? 2. What are the current and debt ratios? 3. How would the following transactions affect the current ratio & the debt ratio (Improve, Deteriorate, No Change)? a....
Given the following information about a farm business: Debt-to-equity ratio 2.0 Expected return on assets 12%...
Given the following information about a farm business: Debt-to-equity ratio 2.0 Expected return on assets 12% Expected interest rate on debt 896 Consumption rate 60% Tax rate 20% Standard deviation of return on assets 4% Standard deviation of interest rate 2% a. What is the expected rate at which this firm could grow? b. What might the manager do to increase the rate of growth? c. What level of risk is associated with the rate of growth found in a?...
Based on the following information, what is the ROE? Total assets: 100 Debt: 40 Sales: 80...
Based on the following information, what is the ROE? Total assets: 100 Debt: 40 Sales: 80 Net income: 10 Select one: a. 25% b. 15.2% c. 16.7% d. 14.8% e. 20%
A firm has sales of $500,000, a debt-to-equity ratio of one, and total assets of $1,000,000....
A firm has sales of $500,000, a debt-to-equity ratio of one, and total assets of $1,000,000. If its profit margin is 5%, what is the firm’s return on equity? a) 3.3% b) 6.7 % c) 5.0 % d) 2.5 % e) Further information is needed,
A. 14.6 B. 12.6 C. 13.9 D. 13.2 E. 12.0 Pettijohn Inc. The balance sheet and...
A. 14.6
B. 12.6
C. 13.9
D. 13.2
E. 12.0
Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet Millions of S) Assets 2016 Cash and securities 1,554.0 Accounts receivable 9,660.0 Inventories 13.440.0 Total current assets $24,654.0 Net plant...
a. 4.17 b. 5.07 c. 4.38 d. 4.59 e. 5.82 Pettijohn Inc. The balance sheet and...
a. 4.17
b. 5.07
c. 4.38
d. 4.59
e. 5.82
Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions Assets 2016 Cash and securities S 1,554.0 Accounts receivable 9,660.0 Inventories 13.440.0 Total current assets $24,654.0 Net plant and...
Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that...
Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets 2016 $ 1,554.0 9,660.0 13,440.0 $24,654.0 17,346.0 $42,000.0 Liabilities and Equity...
assets Total current liabilities Debt Ratio C. Debt ratio -the proportion of a company's assets financed with debt. Debt ratio = Total Liabilities Total Assets D How transactions affect the ratios Given the following balances: Current Assets $150,000 Current Liabilities 75,000 Total Assets Total Liabilities 300,000 120,000 1. What is net working capital? 2. What are the current and debt ratios? 3. How would the following transactions affect the current ratio & the debt ratio (Improve, Deteriorate, No Change)? a....
Given the following information about a farm business: Debt-to-equity ratio 2.0 Expected return on assets 12% Expected interest rate on debt 896 Consumption rate 60% Tax rate 20% Standard deviation of return on assets 4% Standard deviation of interest rate 2% a. What is the expected rate at which this firm could grow? b. What might the manager do to increase the rate of growth? c. What level of risk is associated with the rate of growth found in a?...
A. 14.6
B. 12.6
C. 13.9
D. 13.2
E. 12.0
Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet Millions of S) Assets 2016 Cash and securities 1,554.0 Accounts receivable 9,660.0 Inventories 13.440.0 Total current assets $24,654.0 Net plant...
a. 4.17
b. 5.07
c. 4.38
d. 4.59
e. 5.82
Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions Assets 2016 Cash and securities S 1,554.0 Accounts receivable 9,660.0 Inventories 13.440.0 Total current assets $24,654.0 Net plant and...
Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets 2016 $ 1,554.0 9,660.0 13,440.0 $24,654.0 17,346.0 $42,000.0 Liabilities and Equity...
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