What is the firm balance of current assets

Assignment Help Finance Basics
Reference no: EM131190483

Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 19 times, profit margin = 26.9%, net income available to common stockholders = $4.9 million, and current liabilities = $1.9 million. What is the firm's balance of current assets?

Reference no: EM131190483

Questions Cloud

Calculate the resistance of the shoe : The safety shoe can be modeled as a resistance that is located in series with the 240 V voltages (see Figure P2.45 b). In this situation, the current drops to 40 mA. Calculate the resistance of the shoe.
Liquidity and asset management ratios oasis products : Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $9.9 million, current ratio = 1.90 times, inventory turnover ratio = 12.4 times, average collection period
Company considerations in issuing a coupon bond : 1. How many of the coupon bonds must East Coast Yachts issue to raise the $50million? How many of the zeroes must it issue? 2. In 20 years, what will be the principal repayment due if East Coast Yachts issuesthe coupon bonds? What if it issues the ..
To what degree is radio broadcasting a public good : Think about the rival and excludable properties of public goods.- To what degree is radio broadcasting a public good?
What is the firm balance of current assets : You have the following information on Universe It Ts, Inc.: sales to working capital = 19 times, profit margin = 26.9%, net income available to common stockholders = $4.9 million, and current liabilities = $1.9 million. What is the firm's balance ..
An example of a free rider problem in your hometown : Think of an example of a free rider problem in your hometown.- Can you think of a way for your local government to overcome this problem?
Designing and developing a simple im system : In this project you will be designing/developing a simple IM system. However, we will leave the precise details of the design up to you (maybe you want to make it state driven, using an Finite State Machine design
A tax system that lead residents to underreport valuations : Describe a tax system that would lead residents to underreport their valuations.- Describe an alternative system that could lead residents to overreport their valuations.
Employee social security tax rate : What is the employee's Social Security tax rate for 2016? What is the self-employed person's FICA tax rate for 2016?

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the average daily float

In a typical month, the Tanner Corporation receives 100 checks totaling $117,000. These are delayed four days on average. Assume 30 days in a month. What is the average daily float?

  Leverage irrelevance proposition

Suppose I add interest tax shields and costs of financial distress to MM's leverage irrelevance proposition. What's the result?

  Compute the profit consequences of the decision

Describe a decision that you or your company made that involved opportunity costs that should have been considered. Why did your company make the decision? What should they have done? Compute the profit consequences of the decision.

  Determine the forward price of contract

You enter into a forward contract to buy a 10 year, zero-coupon bond that will be issued in one year.The face value of the bond is $1,000 , and the 1 year and 11 year spot interest rates are 4% per annum and 9% per annum,

  Ad communicates the product to the consumer

Figure: Singapore Airlines Ad Questions Answer all of the following questions in a 2-3 page paper as they relate to the impact of the ad on consumers from different cultures.

  How many shares of common stock will remain

How many shares will Green repurchase as a result of the debt issue? How many shares of common stock will remain after the repurchase?

  How many euros will be invested in the german money market

The current exchange rate is 1.55 dollars per euro. If the company wants to complete a money market hedge, how many euros will be invested in the German money market?

  Question belongs to finance

Management of CUC is concerned that CUC shares are currently undervalued. Based on this background prepare a memo that addresses the following issues.

  Explain the roles of financial institutions

Describe and discuss how these changes might impact stakeholder relationships your organization has with financial institutions and explain the roles of financial institutions in the global economy.

  Amortization expense

Dade buy a patent on January 1, 2003 for $120,000. The patent had a remaining useful life of ten years at that date. In January 2004, Dade successfully defends patent at a cost of $54,000,

  Explain how the common stock could be trading

The CCC Venture has issued convertible preferred stock to its venture investors. Each share of preferred stock is convertible into 0.80 share of common stock and pays an annual cash dividend of $0.25.

  What is the irr of the proposed investment

Buzz lightyear has been offered an investment in which he expects to receive payments of $4,000 at the end of each of the next 10 years in return an intial investment of $10,000 now.

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