Reference no: EM13930113
You are given the balance sheet and sales information for Hoffmeister Industries:
Cash ? Accounts payable? Accounts receivable? Long-term debt 120,000 Inventories ? Common stock ? Fixed assets ? Retained earnings 195,000 Total assets $600,000 Total liabilities ? and equity Sales Cost of Goods Sold (COGS)
• Debt ratio: 50% • Quick ratio: 0.80 • Total assets turnover: 1.5 • DSO (Days sales outstanding): 36.5 (based on 365 days) • Gross profit margin on sales (Sales – COGS)/Sales = 25% • Inventory turnover ratio: 5.0
Total debt = a. 250,000 b. 290,000 c. 420,000 d. 300,000 e. None of the above
Accounts payable = a. 180,000 b. 220,000 c. 230,000 d. 250,000 e. None of the above
Common stock = a. 100,000 b. 105,000 c. 110,000 d. 115,000 e. None of the above
Sales = a. 700,000 b. 750,000 c. 800,000 d. 900,000 e. None of the above
Accounts receivable = a. 70,000 b. 80,000 c. 85,000 d. 95,000 e. None of the above
Inventory = a. 145,000 b. 139,000 c. 135,000 d. 142,000 e. None of the above
Cash + A/R = a. 52,000 b. 54,000 c. 56,000 d. 57,000 e. None of the above
Fixed assets = a. 270,000 b. 276,000 c. 279,000 d. 280,000 e. None of the above
The C.O.G.S. (cost of goods sold) = a. 650,000 b. 660,000 c. 675,000 d. 690,000 e. None of the above
|
The equipment is worth-what is the cost of owning
: Waldrop Corporation must install $200 of new equipment in its Ohio plant. It can obtain a bank loan for 100% of the required amount at 9% interest on the loan. Assume that Waldrop's tax rate is 34% and that the equipment's depreciation would be $100 ..
|
|
Which school has test scores over 900
: Which school has test scores over 900? Which district receives special invitations to attend the counselor conferences? and why is this so?
|
|
What is the net advantage to leasing
: To finance some manufacturing tools it needs for the next 4 years, Waldrop Corporation is considering a leasing arrangement. Waldrop Corporation has no use for the machine beyond the expiration of the lease, and the machine has an estimated residual ..
|
|
Identify the relevant internal control procedures
: Identify the relevant internal control procedures that could have prevented the company's losses. Explain how these procedures would have prevented Cole's deception.
|
|
Cash-accounts payable and accounts receivable
: You are given the balance sheet and sales information for Hoffmeister Industries: Cash ? Accounts payable? Accounts receivable? Long-term debt 120,000 Inventories ? Common stock ? Fixed assets ? Retained earnings 195,000 Total assets $600,000 Total l..
|
|
Which are the levels of organization
: Which are the levels of organization involved in your example (c1)? Cite events occurring at its main level of organization (c2) and indicate how they relate to the whole body level (c3).
|
|
What are the consequences to them of this liability
: When Vivienne and Paul Jensen’s daughter Heather turned sixteen, they signed a form allowing her to get a driver’s license. Two weeks after she received her license, Heather crashed the family car into a tree. He friend Rebecca, who was in the passen..
|
|
Calculate your gain or loss if you decide to convert
: You own a convertible bond that has a 6% yield, 4.5% coupon rate, pays semiannually, and has 3 years to maturity. The conversion rate is 8. The current stock price is 127.3. Calculate your gain or loss if you decide to convert.
|
|
Development of diversity consciousness and skills
: What three specific strategies will you use in the future to support the development of diversity consciousness and skills in others, including your learners and/or colleagues
|