Homework Answers
32. The firm's EPS is computed as shown below:
= Net income / Shares outstanding
= $ 122.4 million / 60 million
= $ 2.04
33. The current ratio is computed as shown below:
= Current Assets / Current Liabilities
= $ 2,340 million / $ 1,800 million
= 1.30
34. The times interest earned is computed as follows:
= EBIT / Interest
= $ 300 million / $ 96 million
= 3.13 Approximately
35. The firm's days sales outstanding is computed as follows:
= ( Accounts Receivables / Net Sales ) x 365 days
= ( $ 880 million / $ 6,000 million ) x 365 days
= 53.53 days Approximately
Feel free to ask in case of any query relating to this question
Add Answer to:
d. 270, 0.33 The balance sheet and income statement shown below are for Byrd Inc, and...
The balance sheet and income statement shown below are for New York, Inc, and the data...
The balance sheet and income statement shown below are for New York, Inc, and the data are to be used for the following questions. Note that the firm has no amortization charges, it does not lease any assets, and none of its debt must be retired during the next 5 years (notes payable will be rolled over). Assume a 360-day year. BALANCE SHEET (millions of dollars) Cash $ 240.0 Accounts payable $ 1000.0 Accts. Receivable 800.0 Notes payable 600.0...
The balance sheet and income statement shown below are for Sneaker Inc. Note that the firm...
The balance sheet and income statement shown below are for Sneaker 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 2019 Cash and securities $ 2,500 Accounts receivable 11,500 Inventories 16,000 Total current assets $30,000 Net plant and equipment $20,000 Total assets $50,000 Liabilities and Equity Accounts payable...
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...
The balance sheet and income statement shown below are for Koski Inc. Note that the firm...
The balance sheet and income statement shown below are for Koski 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 2018 Cash and securities $3,000 Accounts receivable 15,000 Inventories 18,000 Total current assets $36,000 Net plant and equipment $24,000 Total assets $60,000 Liabilities and Equity Accounts payable $18,630...
The balance sheet and income statement shown below are for Konki Inc. Note that the firm...
The balance sheet and income statement shown below are for Konki 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 5) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities 2018 $3,000...
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...
The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm...
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 Accounts payable...
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that...
Exhibit 4.1 The balance sheet and income statement shown below are for Koski 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 2018 Cash and securities $3,000 Accounts receivable 15,000 Inventories 18,000 Total current assets $36,000 Net plant and equipment $24,000 Total assets $60,000 Liabilities and Equity Accounts...
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that...
Exhibit 4.1 The balance sheet and income statement shown below are for Koski 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 o Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current...
The balance sheet and income statement shown below are for Koski Inc. Note that the firm...
The balance sheet and income statement shown below are for Koski 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 2019 Cash and securities $4,200 17,500 Accounts receivable Inventories 20,300 Total current assets $42,000 $28,000 Net plant and equipment Total assets $70,000 Liabilities and Equity Accounts payable $27,531...
The balance sheet and income statement shown below are for Konki 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 5) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities 2018 $3,000...
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...
Exhibit 4.1 The balance sheet and income statement shown below are for Koski 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 o Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current...
The balance sheet and income statement shown below are for Koski 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 2019 Cash and securities $4,200 17,500 Accounts receivable Inventories 20,300 Total current assets $42,000 $28,000 Net plant and equipment Total assets $70,000 Liabilities and Equity Accounts payable $27,531...
Most questions answered within 3 hours.
-
This is symbolized by a circle over a single line in an entity
relationship diagram. It...
asked 1 minute from now -
National well-being can be measured using the Per-capita GDP
(per-capita) and the Human Development Index (HDI)....
asked 32 seconds from now -
A failure of an engine control unit causes it to fail an average
of 0.1 times...
asked 12 minutes ago -
A siren on an emergency car moving with velocity 90 km/hour
produces the sound with frequency...
asked 12 minutes ago -
Consider the schema below that models a bank’s branches,
customers and their accounts and loans. Provide...
asked 20 minutes ago -
What kinds of policies should be considered when individuals
decisions may likely impact public expense? For...
asked 28 minutes ago -
The financial statements of Apple Inc. show the following
numbers for fiscal year 2017 ($000,000):
Revenue...
asked 33 minutes ago -
Suppose that you are given the following results. Find the
correlation coefficient of the data.
sx...
asked 42 minutes ago -
The width of a tool used for semiconductor manufacturing
is assumed to be normally distributed with...
asked 44 minutes ago -
A
runaway train car that has a mass of 1,400 kg travels at a speed of...
asked 48 minutes ago -
The expected abnormal earnings of a firm that has earnings of
$40,000 with a required equity...
asked 47 minutes ago -
A spherical surface completely surrounds a collection of
charges. Find the electric flux through the surface...
asked 1 hour ago