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Cash conversion cycle
Zane Corporation has an inventory conversion period of 56 days, an average collection period of 36 days, and a payables deferral period of 31 days. Assume 365 days in year for your calculations.
What is the length of the cash conversion cycle? Round your answer to two decimal places.
days
If Zane's annual sales are $3,511,920 and all sales are on credit, what is the investment in accounts receivable? Round your answer to the nearest cent. Do not round intermediate calculations.
$
How many times per year does Zane turn over its inventory? Assume that the cost of goods sold is 75% of sales. Use sales in the numerator to calculate the turnover ratio. Round your answer to two decimal places. Do not round intermediate calculations.
times
What is the annualized holding rate of return and the average rate of return for An asset that returns 5% each year.
Masterson Company has 420,000 shares of $10 par value common stock outstanding. During the year Masterson declared a 15% stock dividend when the market price of the stock was $36 per share. Three months later Masterson declared a $.60 per share cash ..
Suppose the market for lending is risk-free and perfectly efficient. Use an arbitrage argument to show there can only be one market interest rate. What are the two components of total return for a bond? How do bond dealers make money?
The Strik-it-Rich Gold Mining Company is contemplating expanding its operations. To do so it will need to purchase land that its geologists believe is rich in gold. Strik-it-Rich’s management believes that the expansion will allow it to mine and sell..
The M&M theory states it does not make any difference from an economist’s view whether a firm raises financing as equity or debt. However floatation costs are more for equity than debt and interest on debt is tax deductible whereas dividends are not.
Common stock value: Variable growth Lawrence Industries’ most recent annual dividend was $1.80 per share (D0 = $1.80), and the firm’s required return is 11%. Find the market value of Lawrence’s shares
"What return on equity do investors expect for a firm with a $17 stock price, a dividend in year one of $2.00, a beta of 1.6, and a constant growth rate of 2%.
A business opportunity has presented itself to you and one of your classmates. Your opportunity is to enter the fast growing craft beer industry. Your projected sales in the first year is 7500 kegs. The tax rate is 34 percent and the required return ..
Company B has a total asset turnover of 6.91 and a net profit margin of 14.29 percent. The total asset to equity ratio for the firm is 2.0. Calculate the company’s return on equity.
The 5 year corporate bond yields 7% per year and the 5 year Treasury bond yields 5%. If the liquidity premium on the corporate bond is 0.3%, find the default risk premium on the corporate bond.
The current stock price of Alpha airlines is $80. If Alpha issues equity, Alpha’s management anticipates that the market will react negatively and that Alpha will only be able to sell the new shares for $70 per share. If Alpha needs to finance the pu..
You notice that the time is getting late and you decide to leave the office for the day, satisfied with your work thus far at Shefrain Consulting. Prior to leaving the office you check your company mailbox for the first time and notice a copy of Fort..
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