Problem 9-14
If a firm has the following sources of finance,
Current liabilities | $ | 90,000 |
Long-term debt | 300,000 | |
85,000 | ||
Common stock | 180,000 |
earns a profit of $45,000 after taxes, and pays $9,000 in preferred stock dividends, what is the
Return on assets: %
Return on total equity: %
Return on common equity: %
Problem 9-15
A firm has no cash sales (all sales are on credit and are collected 28 days after the sale). If the receivables are $164,000, what is the level of sales? Assume there are 365 days in a year. Round your answer to the nearest dollar.
$
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Problem 9-16 A firm’s
Sales in 20X1 were $205,000. Sales in 20X2 were $205,000.
Current ratios: 20x1: 20x2: Quick ratios: 20x1: 20x2: The firm’s liquidity position has -Select-deterioratedimprovedremained the sameItem 5 .
Days sale outstanding has -Select-deterioratedimprovedremained the sameItem 6 .
Inventory turnover has -Select-deterioratedimprovedremained the sameItem 7 .
% |
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