What is the amount of the current assets

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Problem 1: A firm in inventory, $1,8600 in fixed assets in accounts receivable, $210 in accounts  payable, and $70 in cash. What is the amount of the current assets?

  • $710
  • $780
  • $990
  • $2,430
  • $2,640

Problem 2: A firm has a return on equity of 20 percent. The total assets turnover is 1.9 and the profit margin is 8 percent. The total equity is $5,400. What is the amount of the net income?

  • $1,080
  • $432
  • $568
  • $2,052

Problem 3: Jupiter Explorers has $9,200 in sales. The profit margin is 3 percent. There are 4,400 shares of stock outstanding. The market price per share is $1.50. what is the price earnings ratio?

  • 7.65
  • 23.91
  • 11.96
  • 33.45
  • 9.41

Problem 4: A firm has total debt of $1,390 and a debt equity ratio of 0.24. What is the value of the total assets?

  • $1,723.60
  • $7,181.67
  • $5,791.67
  • $3,336.00
  • $2,400.00

Problem 5:

 

2011

Cost of goods sold

$4,878

Interest

238

Dividends

420

Depreciation

789

Change in retained earnings

631

Tax rate

34%

What is the taxable income for 2011?

Problem 6: Taylor's Men's Wear ha a debt equity ratio of 42 percent, sales of $749,000, net income of $41,300, and total debt of $206,300. What is the return on equity?

  • 7.79%
  • 8.41%
  • 8.714%
  • 9.09%
  • 9.16%

Problem 7: Seaweed Mfg., Inc. is currently operating at only 84 percent of fixed asset capcity. Current sales are $550,000. What is the maximum rate at which sales can grow before any new fixed assets are needed?

  • 17.23%
  • 17.47%
  • 18.03%
  • 18.87%
  • 19.05%

 

Reference no: EM13749392

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