Vigo Vacations has $200 million in total assets, $5.2 million in notes payable, and $23.5 million...
Vigo Vacations has $200 million in total assets, $5.2 million in notes payable, and $23.5 million in long-term debt. What is the debt ratio? Round your answer to two decimal places.
Homework Answers
Debt ratio = Total Liabilities / Total Assets
= ( $ 5.2 Million + $ 23.5 Million ) / $ 200 Million
= 0.1435
Hence the correct answer is 0.14
Add Answer to:
Vigo Vacations has $200 million in total assets, $5.2 million in
notes payable, and $23.5 million...
Debt Ratio Vigo Vacations has $205 million in total assets, $5.0 million in notes payable, and...
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.
LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its...
LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $720,000, and its net income after taxes was $24,655. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15%. What profit margin would LeCompte need in order to achieve the 15% ROE, holding everything else constant? Select the correct answer. LeCompte Corp. has $312,900 of...
Days Sales Outstanding Greene Sisters has a DSO of 24 days. The company's average daily sales...
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. $ ----------------------------------------------- 2- 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. % --------------------------------------- 3- ROE Needham Pharmaceuticals has a profit margin...
A firm has a long-term debt-equity ratio of 0.59. Shareholders' equity is $1.8 million. Current assets...
A firm has a long-term debt-equity ratio of 0.59. Shareholders' equity is $1.8 million. Current assets are $551,000, and total assets are $3.152 million. If the current ratio is 1.9, what is the ratio of debt to total long-term capital? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Debt to total long-term capital
Edelman Engines has $20 billion in total assets of which cash and equivalents total $80 million....
Edelman Engines has $20 billion in total assets of which cash and equivalents total $80 million. Its balance sheet shows $2 billion in current liabilities of which the notes payable balance totals $1.14 billion. The firm also has $10 billion in long-term debt and $8 billion in common equity. It has 400 million shares of common stock outstanding, and its stock price is $30 per share. The firm's EBITDA totals $1.8 billion. Assume the firm's debt is priced at par,...
Edelman Engines has $2 billion in total assets of which cash and equivalents total $80 million....
Edelman Engines has $2 billion in total assets of which cash and equivalents total $80 million. Its balance sheet shows $0,4 billion in current liabilities of which the notes payable balance totals $0.9 billion. The firm also has $0.9 billion in long-term debt and $0.7 billion in common equity. It has 700 million shares of common stock outstanding, and its stock price is $22 per share. The firm's EBITDA totals $2.31 billion. Assume the firm's debt is priced at par,...
Assets in millions) Liabilities (in millions) Cash 300 Accounts payable 50 Accounts receivable 100 Notes payable...
Assets in millions) Liabilities (in millions) Cash 300 Accounts payable 50 Accounts receivable 100 Notes payable 150 Inventories 200 Total Current Liabilities: 200 Total Current Assets: 600 Long Term Debt 100 Equipment 300 Total Liabilities: 300 Land 100 Common Stock 300 Total Fixed Assets: 400 Retained Earnings 400 Total Assets: 1000 Total Common Equity 700 You are asked to prepare a pro forma balance sheet given the following information. Net earnings are expected to be $100 million. The company wants...
Need insight on question b. please COMPANY ABC Accounts payable $510,000 , Notes payable $256,000, Current...
Need insight on question b. please COMPANY ABC Accounts payable $510,000 , Notes payable $256,000, Current liabilities $766,000, Long-term debt $1,114,000, Common equity $4,779,000, Total liabilities & equity $6,659,000 a. What percentage of the firm's assets does the firm finance using debt (liabilities)? The fraction of the firm's assets that the firm finances using debt is 28.2%. b. If ABC were to purchase a new warehouse for $ 1.1 million and finance it entirely with long-term debt, what would be...
At year-end 2016, Wallace Landscaping’s total assets were $1.7 million, and its accounts payable ...
At year-end 2016, Wallace Landscaping’s total assets were $1.7 million, and its accounts payable were $385,000. Sales, which in 2016 were $2.2 million, are expected to increase by 25% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained. Wallace typically uses no current liabilities other than accounts payable. Common stock amounted to $420,000 in 2016, and retained earnings were $265,000. Wallace has arranged to sell $175,000 of new common stock in 2017...
The notes payable are to banks, and the interest rate on this debt is 10%, the...
The notes payable are to banks, and the
interest rate on this debt is 10%, the same as the rate on new bank
loans. These bank loans are not used for seasonal financing but
instead are part of the company's permanent capital structure. The
long-term debt consists of 30,000 bonds, each with a par value of
$1,000, an annual coupon interest rate of 8%, and a 15-year
maturity. The going rate of interest on new long-term debt, rd, is
10%,...
A firm has a long-term debt-equity ratio of 0.59. Shareholders' equity is $1.8 million. Current assets are $551,000, and total assets are $3.152 million. If the current ratio is 1.9, what is the ratio of debt to total long-term capital? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Debt to total long-term capital
Edelman Engines has $2 billion in total assets of which cash and equivalents total $80 million. Its balance sheet shows $0,4 billion in current liabilities of which the notes payable balance totals $0.9 billion. The firm also has $0.9 billion in long-term debt and $0.7 billion in common equity. It has 700 million shares of common stock outstanding, and its stock price is $22 per share. The firm's EBITDA totals $2.31 billion. Assume the firm's debt is priced at par,...
Assets in millions) Liabilities (in millions) Cash 300 Accounts payable 50 Accounts receivable 100 Notes payable 150 Inventories 200 Total Current Liabilities: 200 Total Current Assets: 600 Long Term Debt 100 Equipment 300 Total Liabilities: 300 Land 100 Common Stock 300 Total Fixed Assets: 400 Retained Earnings 400 Total Assets: 1000 Total Common Equity 700 You are asked to prepare a pro forma balance sheet given the following information. Net earnings are expected to be $100 million. The company wants...
The notes payable are to banks, and the
interest rate on this debt is 10%, the same as the rate on new bank
loans. These bank loans are not used for seasonal financing but
instead are part of the company's permanent capital structure. The
long-term debt consists of 30,000 bonds, each with a par value of
$1,000, an annual coupon interest rate of 8%, and a 15-year
maturity. The going rate of interest on new long-term debt, rd, is
10%,...
Most questions answered within 3 hours.
-
3. (10 pts) You grow a corn crop that yields 150 bushels ac-1,
with the following...
asked 5 minutes ago -
7. The term Six Sigma refers to:
Select one:
a. The control limits established in a...
asked 14 minutes ago -
Wildhorse Company follows the practice of pricing its inventory
at the lower-of-cost-or-market, on an individual-item
basis....
asked 16 minutes ago -
For the following reaction: A(g) + 2 B(g) ⇌ 2 C(g) Calculate the
equilibrium constant K...
asked 16 minutes ago -
Which of the following best describes tidal volume? options:
1.The amount of oxygen in the air...
asked 33 minutes ago -
1. Smaller cost distortions occur when the traditional systems'
single indirect-cost rate and the activity-cost-driver rates:...
asked 41 minutes ago -
Using either a FMECA approach or some other appropriate RCA
tool, identify five risk treatment actions...
asked 41 minutes ago -
If for a test the P-value is between 0.0025 and 0.005, what
conclusion can you draw?...
asked 54 minutes ago -
Using Python. Write a function clean2(aList) that takes a list
of integers aList as argument, and...
asked 59 minutes ago -
Intrapreneurship is defined as the
development of an enterprise culture with an existing (Nandan,
2009). An...
asked 1 hour ago -
QUESTION 1 Tamiflu is a drug used to treat influenza. A study
found that Tamiflu reduced...
asked 1 hour ago -
Which of the following would be less likely to be used to
allocate factory overhead when...
asked 1 hour ago