Q: The Blue Moon Corporation has ending inventory of $407,534
The Blue Moon Corporation has ending inventory of $407,534, and cost of goods sold for the year just ended was $4,105,612. What is the inventory turnover? The days’ sales in inventory? How long on ave...
See AnswerQ: Crystal Lake, Inc., has a total debt ratio of .
Crystal Lake, Inc., has a total debt ratio of .63. What is its debt–equity ratio? What is its equity multiplier?
See AnswerQ: Bach Corp. had additions to retained earnings for the year just
Bach Corp. had additions to retained earnings for the year just ended of $430,000. The firm paid out $175,000 in cash dividends, and it has ending total equity of $5.3 million. If the company currentl...
See AnswerQ: Based only on the following information for Bennington Corp., did cash
Based only on the following information for Bennington Corp., did cash go up or down? By how much? Classify each event as a source or use of cash. Decrease in inventory ………………………….$375 Decrease in ac...
See AnswerQ: Tortoise, Inc., had a cost of goods sold of $
Tortoise, Inc., had a cost of goods sold of $28,834. At the end of the year, the accounts payable balance was $6,105. How long on average did it take the company to pay off its suppliers during the ye...
See AnswerQ: Organic Chicken Company has a debt–equity ratio of .65
Organic Chicken Company has a debt–equity ratio of .65. Return on assets is 8.5 percent, and total equity is $540,000. What is the equity multiplier? Return on equity? Net income? Ju...
See AnswerQ: Braam Fire Prevention Corp. has a profit margin of 6.
Braam Fire Prevention Corp. has a profit margin of 6.80 percent, total asset turnover of 1.95, and ROE of 18.27 percent. What is this firm’s debt–equity ratio?
See AnswerQ: For the year just ended, Ypsilanti Yak Yogurt shows an increase
For the year just ended, Ypsilanti Yak Yogurt shows an increase in its net fixed assets account of $835. The company took $148 in depreciation expense for the year. How much did the company spend on n...
See AnswerQ: Suppose you were the financial manager of a not-for-
Suppose you were the financial manager of a not-for-profit business (a not-for-profit hospital, perhaps). What kinds of goals do you think would be appropriate?
See AnswerQ: Ortiz Lumber Yard has a current accounts receivable balance of $431
Ortiz Lumber Yard has a current accounts receivable balance of $431,287. Credit sales for the year just ended were $3,943,709. What is the receivables turnover? The days’ sales in receivables? How lon...
See Answer
