FIN 341 Principles Of Finance Online Winter Assignment

FIN 341 Principles Of Finance Online Winter Assignment
FIN 341 Principles of Finance Online Winter 2014
Assignment: Ch. 3 Working with Financial Statements
SDJ, Inc., has net working capital of $3,640, current liabilities of $5,430, and inventory of $4,290.
What is the current ratio? (Round your answer to 2 decimal places. (e.g., 32.16))
Current ratio times
What is the quick ratio? (Round your answer to 2 decimal places. (e.g., 32.16))
Quick ratio times
2.Diamond Eyes, Inc., has sales of $20 million, total assets of $18.2 million, and total debt of $9.1 million. Assume the profit margin is 9 percent.
What is net income? (Enter your answer in dollars not in millions, i.e. 1,234,567.)
Net income $
What is ROA? (Round your answer to 2 decimal places. (e.g., 32.16))
ROA %
What is ROE? (Round your answer to 2 decimal places. (e.g., 32.16))
ROE %
3. Boom Lay Corp. has a current accounts receivable balance of $347,850. Credit sales for the year just ended were $4,313,340.
What is the receivables turnover? (Round your answer to 2 decimal places. (e.g., 32.16))
Receivables turnover times
What is the days’ sales in receivables? (Use 365 days a year. Round your answer to 2 decimal places. (e.g., 32.16))
Sales in receivables days
How long did it take on average for credit customers to pay off their accounts during the past year? (Use 365 days a year. Round your answer to 2 decimal places. (e.g., 32.16))
Average collection period days
4. The Cape Corporation has ending inventory of $482,850, and cost of goods sold for the year just ended was $4,548,447.
What is the inventory turnover? (Round your answer to 2 decimal places. (e.g., 32.16))
Inventory turnover times
What is the days’ sales in inventory? (Use 365 days a year. 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? (Use 365 days a year. Round your answer to 2 decimal places. (e.g., 32.16))
Inventory days on shelf days
5. Perry, Inc., has a total debt ratio of 0.36. What is its debt–equity ratio? (Round your answer to 2 decimal places. (e.g., 32.16))
Debt–equity ratio
What is its equity multiplier? (Round your answer to 2 decimal places. (e.g., 32.16))
Equity multiplier
6. That Wich Corp. had additions to retained earnings for the year just ended of $141,000. The firm paid out $189,000 in cash dividends, and it has ending total equity of $4.94 million. The company currently has 120,000 shares of common stock outstanding.
What are earnings per share? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Earnings $ per share
What are dividends per share? (Round your answer to 2 decimal places. (e.g., 32.16))
Dividends $ per share
What is the book value per share? (Round your answer to 2 decimal places. (e.g., 32.16))
Book value $ per share
If the stock currently sells for $84 per share, what is the market-to-book ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Market-to-book ratio times
What is the price–earnings ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Price–earnings ratio times
If the company had sales of $4.44 million, what is the price–sales ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Price–sales ratio times
7. If Roten Rooters, Inc., has an equity multiplier of 1.60, total asset turnover of 2.20, and a profit margin of 4 percent, what is its ROE? (Round your answer to 2 decimal places. (e.g., 32.16))
ROE %
8. You are given the following information for Shinoda Corp.:
Decrease in inventory $ 500
Decrease in accounts payable 200
Increase in notes payable 185
Increase in accounts receivable 215
________________________________________
Did cash go up or down? By how much?
Cash increased by $
Classify each event as a source or use of cash.
Decrease in inventory is a
Decrease in accounts payable is a
Increase in notes payable is a
Increase in accounts receivable is a
________________________________________
9. Tortoise, Inc., had a cost of goods sold of $45,021. At the end of the year, the accounts payable balance was $8,583. How long on average did it take the company to pay off its suppliers during the year? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Average suppliers pay off days

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