Exam 3: Working With Financial Statements

Calculate net income given the following information: tax rate = 30%; accounts receivable = $15,000; receivable turnover = 6 times; inventory = $4,000; inventory turnover = 6.25 times; operating expenses = $15,000; interest expense = $9,000.

Glen Acre Wines has sales of $682,100, total debt of $285,000, total equity of $323,900, and a profit margin of 8 %. What is the return on assets?

Nu Plastics has accounts receivable of $6,400, inventory of $11,600, cash of $1,300, accounts payable of $8,800, sales of $117,600, and cost of goods sold of $89,300. What is the net working capital turnover rate?

Use the following statement of financial position and statement of comprehensive income What is the return on equity for Bluebird for 2018?

The average length of time it takes for a customer to pay for his or her credit purchases is referred to as:

Calculate the value of total assets given the following information: total debt ratio = 0.26; total equity = $32,560.

Provide a list of the top ten stakeholders that will find financial statement analysis useful.

A Vancouver firm has a debt-equity ratio of.56. What is the total debt ratio?

Without making reference to its formula, provide a definition of current ratio.

The quick ratio is measured as:

Calculate operating profit margin given the following information: sales = $1,200; cost of goods sold = $450; general and administrative costs = $150.

Determine the value of cash equivalents given the following information: cash ratio = 2.5; cash = $1,500 ; current liabilities = $900

A firm has sales of $500, total assets of $300, and a debt/equity ratio of 1. If its return on equity is 15%, what is its net income?

The coding system that classifies firms by their specific type of business operations is known as the:

Calculate total equity value given the following information: ROE = 8%; Total assets = $1,000,000 and ROA = 5%

Calculate net income given the following information: shares outstanding = 1,250,000; stock price = $35/share; PE ratio = 12.50.

Taylor's Men's Wear has a debt-equity ratio of 55 %, sales of $587,000, net income of $63,400, and total debt of $196,000. What is the return on equity?

A firm has a total book value of equity of $2 million, a market to book ratio of 2, and a book value per share of $5.00. What is the total market value of the firm's equity?

A fixed asset turnover ratio of.72 means that:

The net change in cash over a period of time is equal to: