Finance Course

Question Description

SDJ, Inc., has net working capital of $1,760, current liabilities of $5,670, and inventory of $1,280.

What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Current ratio times

What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Quick ratio times

Aquilera, Inc., has sales of $19.3 million, total assets of $14.3 million, and total debt of $5.1 million. The profit margin is 11 percent.

What is the company’s net income? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Net income $

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.)

ROA %

What is the company’s ROE? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)

ROE %

Ordonez Lumber Yard has a current accounts receivable balance of $439,516. Credit sales for the year just ended were $5,503,810.

What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Receivables turnover times

What is the days’ sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Days’ sales in receivables days

How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Average collection period days

Bobaflex Corporation has ending inventory of $711,573 and cost of goods sold for the year just ended was $9,059,453.

What is the inventory turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Inventory turnover times

What is the days’ sales in inventory? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Days’ sales in inventory days

How long on average did a unit of inventory sit on the shelf before it was sold? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Days on the shelf days

Fincher, Inc., has a total debt ratio of .42.

What is its debt–equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Debt–equity ratio

times

What is its equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Equity multiplier times

Rossdale, Inc., had additions to retained earnings for the year just ended of $640,000. The firm paid out $55,000 in cash dividends, and it has ending total equity of $7.35 million.

If the company currently has 720,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Earnings per share $
Dividends per share $
Book value per share $

If the stock currently sells for $30.50 per share, what is the market-to-book ratio? The price−earnings ratio? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Market-to-book ratio times
Price−earnings ratio times

If total sales were $10.65 million, what is the price−sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Price−sales ratio times

Jiminy Cricket Removal has a profit margin of 10 percent, total asset turnover of 1.02, and ROE of 14.44 percent.

What is this firm’s debt–equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Debt–equity ratio times

Williams, Inc., has an ROA of 6.7 percent and a payout ratio of 49 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

%

The Crash Davis Driving School has an ROE of 14.5 percent and a payout ratio of 44 percent.

What is its sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Sustainable growth rate %

Profit margin = 9.6 %
Capital intensity ratio = .57
Debt−equity ratio = .72
Net income = $ 107,000
Dividends = $ 43,000

Based on the above information, calculate the sustainable growth rate for Southern Lights Co. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Sustainable growth rate %

Assume the following ratios are constant.

Total asset turnover = 2.33
Profit margin = 6.1 %
Equity multiplier = 1.80
Payout ratio = 32 %

What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Sustainable growth rate %

The Dahlia Company has net income of $162,850. There are currently 30.65 days’ sales in receivables. Total assets are $851,000, total receivables are $147,600, and the debt–equity ratio is .40.

What is the company’s profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Profit margin

%

What is the company’s total asset turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Total asset turnover

times

What is the company’s ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

ROE

%

Fulkerson Manufacturing wishes to maintain a sustainable growth rate of 9.75 percent a year, a debt–equity ratio of .48, and a dividend payout ratio of 28.5 percent. The ratio of total assets to sales is constant at 1.27.

What profit margin must the firm achieve in order to meet its growth rate goal? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Profit margin %

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