Complete the balance sheet and sales

Assignment Help Financial Management
Reference no: EM131840066

Complete the balance sheet and sales information using the following financial data:

Total assets turnover: 1.5 x

Days sales outstanding:36.5 days

Inventory turnover: 3.0x

Current ratio: 2.0x

Gross profit margin on sales (Sales- Cost of goods sold)/Sales=25%

Calculation is based on a 365-day year

On the balance sheet we see that we have Totl assets $300,000..Long term debt 60,000 and Retained earnings 97,500

Reference no: EM131840066

Questions Cloud

What is percentage price change : If the required yield drops to 6% (instantaneously, so the maturity does not change), what is the percentage price change?
Why historical cost and conservatism concept are important : items arIn your own words, explain why discontinued operations and extraordinary items are shown net of tax on the income statement
Explores professional ethics and responsibilities : Create a 5- to 6-slide PowerPoint presentation that explores professional ethics and responsibilities.
Company general dynamics : Identify any strategic groups that might exist in the company General Dynamics. How does this model tell you about the nature of competition?
Complete the balance sheet and sales : Complete the balance sheet and sales information using the financial data.
What is the best way to improve user experience : What is the best way to improve User Experience (UX) without changing the interface?
How variations in health scenarios affect decision making : Summarize what you think Mom should do- Include the major points made by each sibling, as well as how variations in health scenarios affect decision-making
Difference between web application : Difference between Web application, native mobile app design and responsive web design? Do we really need both?
Describe one of the benefits of xbrl : Describe one of the benefits of XBRL. Can you also name a disadvantage to the use of XBRL?

Reviews

Write a Review

Financial Management Questions & Answers

  Enjoys the challenge of preparing his tax return

Tom, an executive for a large corporation, enjoys the challenge of preparing his tax return.

  Identify two ways a swap differs from a parallel loan

Identify two ways a swap differs from a parallel loan. Calculate interest savings for each firm relative to market and the total profit for the swap broker

  New range of candies which contain anti-oxidants

CathFoods will release a new range of candies which contain anti-oxidants. New equipment to manufacture the candy will cost $2 million, which will be depreciated by straight-line depreciation over five years. It is expected that the range of candies ..

  Interest rates and bond valuation case

After Dan's EFN analysis for East Coast Yachts, Larissa has decided to expand the company's operations. She has asked Dan to enlist an underwriter to help sell $45 million in new 30-year bonds to finance new construction. You have been asked to prepa..

  What is mean by bank liquidity and bank solvency

What are the major asset categories for banks? Identify the most important category. What are the bank's major liabilities and which category is the largest in size? 3. What is mean by bank liquidity and bank solvency?

  Calculate the value of the target firms equity

M&A. For this and the next 3 questions: Teddy Corp is considering acquiring Daniels Company. Daniels has a capital structure consisting of $5 million (market value) in 11% bonds and $10 million (market value) of common stock. Currently, the risk-free..

  What will be the firms cash cycle

Assuming that all of Freddie's sales are on credit, what will be the firm's cash cycle?

  Estimate of replacement cost

The landlord carries contents insurance that should cover the damage to the furnishings, equipment, and to the computers, and the insurance company adjuster will come tomorrow to assess the furnishings and equipment damage. However, your boss is sure..

  Briefly describe the hedging strategy

You are the chief financial officer of a large multinational company; and six months from now you will be receiving a settlement payment of $50 million, which you plan to invest in 10-year U.S. Treasury bonds. Briefly describe the hedging strategy us..

  What exactly are research costs and development costs

What exactly are research costs and what are development costs and what is the difference between the two?

  What interest rate would the investment

Stanley has $2,400 that he is looking to invest. His brother approached him with an investment opportunity that could give Patrick $4,800 in 4 years. What interest rate would the investment have to yield in order for Stanley’s brother to deliver on h..

  What will price be immediately after next dividend payment

If the next dividend is due in one year and investors require an 8 percent return on the stock, what is its current market price? What will the price be immediately after the next dividend payment?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd