The following information pertains to Cachet Company. Assume that all Balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments P 40,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant and equipment 215,000 Total Assets P310, 000 Liabilities and Stockholders’ Equity Current liabilities P 60,000 Long-term liabilities 95,000 Stockholders’ equity—common 55,000 Total Liabilities and Stockholders’ Equity P310, 000 Income Statement Sales P 90,000 Cost of goods sold 45,000 Gross margin 45,000 Operating expenses 20,000 Net income P 25,000 Number of shares of common stock 6,000 Market price of common stock P20 Dividends per share P1.00 What is the price-earnings ratio for this company? A. 6 times B. 4.2 times C. 8 times D. 4.8 times Can you please give me a coherent solution for this?

The financial statements of Gray Services and Blue Services include the following items: Gray Blue $92,000 $89,000 22,000 29,000 107,000 109,000 125,000 128,000 601,000 641,000 319,000 306,000 53,000 70,000 Services company has the higher working capital by Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable The

The comparative balance sheet of Hirayama Industries Inc. for December 31, 20Y2 and 20Y1, is as follows:                                                          Dec. 31, 20Y2            Dec. 31, 20Y1Assets Cash                                                         $115                          $38Accounts receivable (net)                           66                             47Inventories                                                  41                             26Land                                                            94                           107Equipment                                                  53                             41Accumulated depreciation-equipment     (14)                            (7)Total Assets                                              $355                         $252Liabilities and Stockholders' EquityAccounts payable (merchandise creditors)$45                          $38Dividends payable                                        7…

The following data is available for Quick Serve Trading Ltd.   Required: a)  Calculate the operating cycle and the cash cycle  b)  Interpret and explain the outcomes

The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the question that follow. AssetsCash and short-term investments $ 30,000Accounts receivable (net) 20,000Inventory 15,000Property, plant, and equipment 185,000Total assets $250,000 Liabilities and Stockholders' EquityCurrent liabilities $ 45,000Long-term liabilities 70,000Stockholders' equity—Common 135,000Total liabilities and stockholders' equity $250,000 Income StatementSales $85,000Cost of goods sold 45,000Gross margin $40,000Operating expenses (15,000)Interest expenses (5,000)Net income $20,000 Number of shares of common stock outstanding 6,000Market price of common stock $20Total dividends paid $9,000Cash provided by operations $30,000 Using the data provided for Diane Company, what is the return on common stockholders' equity?a.6.75%b.14.8%c.13.5%d.7.4%

The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and stockholders' equity Sales Cost of goods sold Gross margin Operating expenses Net income Number of shares of common stock Market price of common stock Dividends per share Cash provided by operations Liabilities and Stockholders' Equity Income Statement What is the current ratio for this company? Round your answer to one decimal point. 0.00 Ob.0.80 Oc 1.16 Od 1.42 $ 40,000 25,000 20,000 210.000 $295.000 60,000 85,000 150.000 $295.000 $85.000 45.000 40,000 20.000 5.20.000 6.000000 $20 0.90 $30,000 D

8. Compute the acid-test (quick ratio) ratio using the following data: highly liquid assets cash, AR, ST investment A) B) C) D) 1.15 1.24 1.33 1.86 Answer: B Cash Inventory Accounts Receivable Current ratio $115,000 105,000 55,000 2.00

The following information pertains to Bonita Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments $  48000 Accounts receivable (net) 25000 Inventory 25000 Property, plant and equipment   200000 Total Assets $298000   Liabilities and Stockholders’ Equity Current liabilities $  51000 Long-term liabilities 84000 Stockholders’ equity—common  163000 Total Liabilities and Stockholders’ Equity $298000   Income Statement Sales (net) $  115000 Cost of goods sold     65000 Gross profit 50000 Operating expenses    27000 Net income $  23000   Number of shares of common stock 4000 Market price of common stock $22 Dividends per share 0.40 What is the inventory turnover for Bonita? 3.55 times 2.60 times  5.60 times 0.38 times

What's the total asset turnover ratio of this company? Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity (1 million shares of common stock outstanding) Total liabilities and owner's equity Net sales (all credit) Less: Cost of goods sold Selling and administrative expense Depreciation expense Interest expense Earnings before taxes Income taxes Net income 1.41 2.33 O 4.45 1.11 8,000,000 (2,075,000) $600,000 900,000 1,500,000 75,000 $3,075,000 $5,925.000 $9,000,000 $800,000 700,000 50,000 $1,550,000 2,500,000 4,950,000 $9,000,000 $10,000,000 (3,000,000) (2,000,000) (250,000) (200,000) 4,550,000 (1,820,000) $2,730,000

Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total Total assets Fixed assets Net plant and equipment $336,695 Sales Cost of goods sold Depreciation Taxable income Taxes (22%) Net income SMOLIRA GOLF CORPORATION 2021 Income Statement Earnings before interest and taxes Interest paid Dividends Retained earnings a. Current ratio b. Quick ratio c. Cash ratio Short-term solvency ratios: Asset utilization ratios: d. Total asset turnover e. Inventory tumover 1. Receivables turnover 2020 $23,066 $25,300 13,648 16,400 27,152 28,300 $63,866 $70,000 g. Total debt ratio h. Debt-equity ratio I. Equity multiplier Long-term solvency ratios: Times Interest emned K Cash coverage ratio Profitability ratios: SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 $ 400,561 $ 434,000 1. Profit margin m. Return on assels n. Return on equity $ 364,000 $ 22,000 19,891 Find the following financial ratios for Smolira Golf…