North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales 1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days ROE 12.00% North Star has no preferred stock—only common equity, current liabilities, and long-term debt. Find North Star’s (7) inventory. Find North Star’s (8) quick ratio.
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North Star had the following data (thousands of dollars):
Cash and equivalents | 100.00 |
Fixed assets | 283.50 |
Sales | 1,000.00 |
Net income | 50.00 |
Current liabilities | 105.50 |
Notes payable to bank | 20.00 |
Current ratio | 3.00 |
DSO | 40.55 days |
12.00% |
North Star has no
Find North Star’s (7) inventory.
Find North Star’s (8) quick ratio.
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- Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectivelyThe following data apply to A.L Kaiser & Company ($ million) : Cash and Equivalents $ 100.00Fixed Assets $ 283.50Sales $1,000.00Net Income $ 50.00Quick Ratio $ 2.0xCurrent Ratio 3.0xDSO 40.0 DaysROE 12.0% Kaiser has no preferred stock - Only common equity, current liabilities, and long-term debt. b. You should found Kaiser's accounts receivable (A/R) to be $111.1 million. If Kaiser could reduce its DSO from 40 days to 30 days while holding other things constant, how much cash would it generate? if this cash were used to buy back common stock (at book value) and thereby reduce the amount of common equity, how would this action affect the company's (1) ROE, (2) ROA, and (3) total deby/total assets ratio?The following data apply to A.L Kaiser & Company ($ million) : Cash and Equivalents $ 100.00Fixed Assets $ 283.50Sales $1,000.00Net Income $ 50.00Quick Ratio $ 2.0xCurrent Ratio 3.0xDSO 40.0 DaysROE 12.0% Kaiser has no preferred stock - Only common equity, current liabilities, and long-term debt.a. Find Kaiser's (1) Account Receivable, (2) Current Liabilities, (3) Current Assets, (4) Total Assets, (5) ROA, (6) common equity, and (7) long-term debt b. In part (a), you should found Kaiser's accounts receivable (A/R) to be $111.1 million. If Kaiser could reduce its DSO from 40 days to 30 days while holding other things constant, how much cash would it generate? if this cash were used to buy back common stock (at book value) and thereby reduce the amount of common equity, how would this action affect the company's (1) ROE, (2) ROA, and (3) total deby/total assets ratio?
- The following data apply to Jacobus and Associates (millions of dollars): Cash and marketable securities $ 100,00Fixed assets $ 283,50Sales $1.000,00Net Income $ 50,00Quick ratio 2,0Current ratio 3,0DSO 40,55 daysROE 12%Jacobus has no preferred stock – only common equity, current liabilities and long termdebt.a. Find Jacobus’s (1) Account receivable, (2) current liabilities, (3) current assets, (4)Total assets, (5) ROA, (6) common equity, and (7) long term debtb. in part a, you should have found Jacobus’s accounts receivable = $111,1 million. IfJacobus could reduce its DSO fro, 40,55 days to 30,4 days while holding other thingsconstant, how much cash would generate? If this cash were used to buy backcommon stock (at book value), this reducing the amount of common equity, howwould this affect (1) the ROE, (2) the ROA, (3) the ratio of total debt to total assets?Data pertaining to the current position of Lucroy Industries Inc. follow:Cash $ 800,000Marketable securities 550,000Accounts and notes receivable (net) 850,000Inventories 700,000Prepaid expenses 300,000Accounts payable 1,200,000Notes payable (short-term) 700,000Accrued expenses 100,000Instructions1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios in parts b through j to one decimal place.2. List the following captions on a sheet of paper:Transaction Working Capital Current Ratio Quick RatioCompute the working capital, the current ratio, and the quick ratio after each of the…Sandy Corporation’s balance sheet at January 2, 20x5 is as follows:Sandy-Dr(Cr)Cash and receivables P200,000,000Inventories 600,000,000.00Property, plant and equipment, net 7,500,000,000.00 Current liabilities (400,000,000.00)Long-term debt (7,200,000,000.00)Capital stock (7,200,000.00)Retained earnings (25,000,000.00)Accumulated othercomprehensive income (5,000,000.00) An analysis of Sandy’s assets and liabilities reveals that book values of some reported itemsdo not reflect their market values at the date of acquisition:● Inventories are overvalued by P200,000,000● Property, plant and equipment is overvalued by P2,000,000,000● Long-term debt is undervalued by P100,000,000 On January 2, 20x5, Velasco issues new stock with a market value of P700,000,000 toacquire the assets and liabilities of Sandy. Stock registration fees are P100,000,000, paid incash. Consulting, accounting, and legal fees connected with the merger are P150,000,000,paid in cash. In addition, Velasco enters into an…
- Data pertaining to the current position of Forte Company follow:Cash $412,500Marketable securities 187,500Accounts and notes receivable (net) 300,000Inventories 700,000Prepaid expenses 50,000Accounts payable 200,000Notes payable (short-term) 250,000Accrued expenses 300,000 Instructions1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios in parts b through j to one decimal place.2. List the following captions on a sheet of paper:Transaction Working Capital Current Ratio Quick Ratio Compute the working capital, the…North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales 1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days ROE 12.00% North Star has no preferred stock—only common equity, current liabilities, and long-term debt. Find North Star’s (1) Average sales per day. Find North Star’s(2) accounts receivable. Find North Star’s (3) current assets. Find North Star’s(4) total assets. Find North Star’s (5) ROA. Find North Star’s (6) common equity. Find North Star’s (7) inventory. Find North Star’s (8) quick ratio. Find North Star’s (9) long-term debt.The financial statements of Persimmon Company include the following items: 20X9 20X8 Cash $51,500 $44,000 Short-term Investments 33,000 16,000 Net Accounts Receivable 100,000 105,000 Merchandise Inventory 165,000 148,000 Total Assets 535,000 551,000 Total Current Liabilities 275,000 294,000 Long-term Note Payable 57,000 56,000 What is working capital for 20X9? Group of answer choices A $203,000 B $90,500 C $74,500 D $41,500
- North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales 1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days ROE 12.00% North Star has no preferred stock—only common equity, current liabilities, and long-term debt. Find North Star’s (6) common equity. Do not round intermediate calculations; round final answers to two decimal places.The following data apply to the next six problems. Consider Fisher & Company's financial data as follows (unit: millions of dollars except ratio figures):Cash and marketable securities $100Fixed assets $280Sales $1,200Net income $358Inventory $180Current ratio 3.2Average collection period 45 daysAverage common equity $500 Calculate the amount of the long-term debt.(a) $134 (b) $500(c) $74 (d) $208North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales 1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days ROE 12.00% North Star has no preferred stock—only common equity, current liabilities, and long-term debt. Find North Star’s (8) quick ratio. Do not round intermediate calculations; round final answers to two decimal places.