In 2014, Amira corporation had current assets of $144 million, inventory of $42.9 million and total current liabilities of $132 million. In 2015, the firm had current assets of $171 million, inventory of $45.9 million and current liabilities of $144 million. The change in Amira's quick ratio from 2014 to 2015 is closest to: A) a decrease of 0.10 B) an increase of 0.10 C) a decrease of 0.15 D) an increase of 0.15 E) being unchanged 5045 070 144/1998
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- Following are financial statement numbers and ratios for Lockheed Martin Corp. for the year ended December 31, 2016. If we expected revenue growth of 3.5% in the next year, what would projected revenue be for 2017? Total revenue (in millions) $47,248 Net operating profit margin (NOPM) 8.8% Net operating asset turnover (NOAT) 3.3Pohio Corp. reported total assets of $500000, $400000, $370000 in the year 2016, 2015 and 2014 respectively. If 2015 is the base year, what is the percentage change for 2016? 45% 25% 35% 15%(Analyzing operating returns on assets) in 2015, Noble Corporation earned an operating profit margin of 15 percent and realized a total assets turnover ratio of 2. a) What was Noble's operating return on assets in 2015? b) In 2015, if the sales were $1and are expected to increase by 50 percent in 2016, other things being equal, what will be the total assets turnover value in 2016? c) Assuming the firm's opearting profit margin remains the same over the two years, how will a 50 percent increase in sales affect the operating return on assets in 2016?
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- At year-end 2015, Wallace Landscaping’s total assets were $1.9 million and its accounts payable were $425,000. Sales, which in 2015 were $2.3 million, are expected to increase by 30% in 2016. 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 $430,000 in 2015, and retained earnings were $340,000. Wallace has arranged to sell $65,000 of new common stock in 2016 to meet some of its financing needs. The remainder of its financing needs will be met by issuing new long-term debt at the end of 2016. (Because the debt is added at the end of the year, there will be no additional interest expense due to the new debt.) Its net profit margin on sales is 7%, and 40% of earnings will be paid out as dividends. How much new long-term debt financing will be needed in 2016? (Hint: AFN - New stock = New long-term debt.) Do not round…If a company had sales of $2,587,643 in 2008 and sales of $3,213,456 in2013, by what percentage did sales change during this time period? If thecompany had a goal of increasing sales by 25 percent over a 5-year period,did it meet its objectives?The following balances were reported in the financial statements for Ruby Company. 2016 2015 Net Sales $1,650,000 $1,750,000 Net Income 170,000 205,000 Current Assets 410,000 535,000 Current Liabilities 170,000 210,000 Total Liabilities 500,000 675,000 Total Assets 1,550,000 2,450,000 Required: 1. Compute the following ratios for 2016 and 2015 for Ruby Company. a. Return on sales ratio b. Current ratio c. Debt-to-total-assets ratio
- In 2016, the Allen corporation had sales of $67 million, total assets of $42 million, and total liabilities of $19 million. The interest rate on the company’s debt is 6.3 percent, and it’s tax rate is 35 percent. The operating profit margin is 14 percent A. Compute the firm’s 2016 net operating income and net income The firm’s 2016 net operating income is Round to two decimal places B. Calculate the firms operating return on assets and return on equity.The following ratios have been computed for Pina Colada Company for 2022. Profit margin ratio 20 % Current ratio 2.5 :1 Times interest earned 12 times Debt to assets ratio 24 % Accounts receivable turnover 5 times Use the above ratios and information from the Pina Colada Company financial statements to fill in the missing information on the financial statements.The 2022 financial statements for Pina Colada Company with missing information follows: (Include calculations) PINA COLADA COMPANYComparative Balance SheetDecember 31, 2022 2021 Assets Cash $ 26,500 $ 37,100 Debt Investments 15,900 15,900 Accounts receivable (net) 53,000 Inventory 53,000 Property, plant, and equipment (net) 212,000 169,600 Total assets Liabilities and stockholders' equity Accounts payable $ 15,900 $ 26,500 Short-term notes payable 37,100 31,800 Bonds payable Enter…Asar Corporation had a current ratio of 2.0 at the end of 2013. Current assets and current liabilities increased by equal amounts during 2012. What are the effects on the networking capital and on the current ratio, respectively?