Nutty sales last year were 15, 000 , and its year-end total assets were P355,000. The average firm in the Industry has a total assets turnover ratio of 2.4. The new CFO believes the company has excess assets that can be sold so as to bring the total assets turnover ratio down to the industry average without affecting sales. By how much must the assets be reduced to bring the total assets tumover ratio to the industry average, holding sales constant?

Q: Over the past year, Stop-n’-Shop has realized an increase in its current ratio and a drop in its…

A: Current ratio is the ratio which states the liquidity position of the company and it is measured in…

Q: Last year, Thomas Co. had a profit margin of 10%, total assets turnover of 0.5, and a debt ratio of…

A: Given: Last year data -  Profit margin =10%  ----------------------(Eq I) Total Asset Turnover =…

Q: Suppose that a company had a target of 4.000.000 £ of sales revenues and 1.000.000 £ of profits.…

A:

Q: Manufacturing Inc. reported sales of $743,000 at the end of last year, but this year, sales are…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: KIEMS ltd has a current sales level of Sh 25,000,000. It has established that sales will be growing…

A: Financial forecast - It showing the projected financial statements  incorporate current trends to…

Q: Last year, Beecher Manufacturing had a 12.5% ROA, net income of $800,000, and net sales of…

A: Formula: Return on assets (ROA) = Net income / Average assets Asset turnover ratio = Net sales /…

Q: Kiley Corporation had the following data for the most recent year (in millions). The new CFO…

A: Cash Conversion Cycle (CCC): It Includes the days allowed to debtors, days take by inventory…

Q: what were JT’s annual sales and DSO?

A: current ratio = current asset/current liability 1.8=67500/current liabilities current liabilities =…

Q: The Manning Company has financial statements as shown next, which are representative of the…

A: Given, sales for current year 220000 and increase in sales for the next year would be @ 35% Sales…

Q: Krating Corporation has the following ratios: A0*/S0 = 1.6; L0*/S0 = 0.4; Profit Margin = 0.10; and…

A: The approach of financial planning implies that the financial ratios of the company do not change…

Q: ollux Company had the following income statement for last year: Sales $360,000 Less: Cost of…

A: Gross profit margin is one of a profitability ratio which helps management to identify or analyze…

Q: Lemon Auto Wholesalers had sales of $1,400,000 last year, and the cost of goods sold represented 77…

A: Answer: Calculation of the earning after tax: Earning after tax is the net income a company earns…

Q: The Diamond Corporation has the following ratios: A0*/S0 = 1.6; L0*/S0 = 0.4; Profit Margin = 0.10;…

A: AFN or Additional funds needed means the additional amount of money a company needs, to finance the…

Q: Last year Blease Inc had a total assets turnover of 1.33 and an equity multiplier of 1.75. Its sales…

A:

Q: Saturn Computer is considering to expand, but before that, the management wants to know the…

A: NOTE: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…

Q: You are trying to prepare financial statements for Bartlett Pickle Company, but seem to be missing…

A: Collection Period :— It is the average number of period to collect the receivables from customer.…

Q: Cold Duck Manufacturing Inc. reported sales of $743,000 at the end of last year, but this year,…

A: Additional Funds Needed(AFN) represents the amount of money that company is required to raise from…

Q: Next year, you are forecasting sales for your company of $12 million. There is only one category of…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Last year Blease Inc had a total assets turnover of 1.33 and an equity multiplier of 1.75. Its sales…

A: Return on equity (ROE) is a measure to ascertain the profitability position of a company. ROE…

Q: Kiley Corporation had the following data for the most recent year (in millions). The new CFO…

A: Calculation of cash conversion cycle: Answer: Cash conversion cycle is 34.01 days. So, CCC is…

Q: What will be the net change in the cash conversion cycle, assuming a 365-day year?

A: Cash conversion cycle (CCC) refers to the time period (in days) taken by a company to convert its…

Q: LeBron’s Bookstores has two divisions: books and electronics. The electronics division had another…

A: Income statement:   Income statement is a financial statement that shows the net income or net loss…

Q: The Barnsdale Corporation has the following ratios: A0*/S0 = 1.6; L0*/S0 = 0.4; profit margin =…

A: Here A0/S0=1.6         L0/S0=0.4 Profit Margin=0.10 Dividend Payout=0.45 Sales=$100 Mn Hence Asset=…

Q: Compute the rate of ROA for 2008 and disaggregate ROA into profit margin for ROA and asset turnover…

A: Calculate profit margin: Profit margin = Income + Interest expense ( 1- Tax) + Minority interest /…

Q: Last year the P.M. postem corporation had sales of $419,000, with a cost of goods sold of $111,000.…

A: Given information : Sales 419000 Cost of goods sold 111000 Operating expenses 126000 The…

Q: Imagine that a company is forecasting the following income statement for the upcoming year:…

A: Let "S"be the desired level of sles to achieve the target net income of $ 2,000,000Operating costs…

Q: areez Pharma is trying to determine the effect of its inventory and receivable turnover ratios on…

A: Cash Conversion cycle is the number of times cash is circulated in the cycle of receivables, payable…

Q: Mareez Pharma is trying to determine the effect of its inventory and receivable turnover ratios on…

A: Cash conversion cycle is the total time period taken by the firm to complete its operating cycle. It…

Q: Rangoon Corp's sales last year were $400,000, and its year-end total assets were $300,000. The…

A: given sales = $400000 year end total assets = $300000 total asset turnover [TATO] = 2.5 TATO =…

Q: Orono Corp.'s sales last year were $575,000, its operating costs were $362,500, and its interest…

A: As per formula Times interest earned (TIE) ratio = (Sales-Operating cost)/Interest expenses   Where…

Q: A company has just been taken over by new management that believes it can raise earnings before…

A: Basic Details Provided: Total assets 8,000Debt ratio 45%Tax rate 35%BEP ratio 13.31%EBT 600Sales…

Q: Mareez Pharma is trying to determine the effect of its inventory and receivable turnover ratios on…

A: Net income=Sale×Net income margin=$5,000,000×10%=$500,000

Q: & Sons last year reported sales of $12 million, cost of goods sold (COGS) of Inventory Management…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Parker Products, Inc. is a manufacturer whose absorption costing income statement reported sales of…

A:

Q: Last year, Quayle Energy had sales of $200 million and its inventory turnover ratio was 5.0. The…

A: Formula, Quick Ratio = [ (Current assets - Inventory )/ current liabilities ]

Q: Mienfoo Catering Company increased its ROI from 25% to 30%. Net operating income and sales remained…

A: Return on investment can be calculated by dividing operating income by operating assets. So change…

Q: a) Kareem & Sons last year reported sales of 12 million and an inventory turnover ratio of 4. The…

A: Inventory = Sales/ Inventory turnover ratio  Accounts receivable = DSO * Average Day Sales

Q: b) Medwing Corporation has a DSO of 19 days. The company averages 5,500 in credit sales each day.…

A: Answer b: Average amount of receivables=Sales×DSO360=$5,500×19360=$290.28

Q: At last year’s end, total assets for Roberts Inc. were $1.2 million and accounts payable were…

A: At last year’s end, total assets for Roberts Inc. were $1.2 million and accounts payable were…

Q: Kiley Corporation had the following data for the most recent year (in millions). The new CFO…

A: Given, Average inventory = $4000 Improve in the credit department could reduce receivables =$2000…

Q: Last year, Jumpin' Trampolines (JT) had a quick ratio of 1.0, a current ratio of 1.8, an inventory…

A: Ratio analysis is the financial analysis that is used by corporations to estimate and determine…

Q: Williams & Sons last year reported sales of $127 million, cost of goods sold (COGS) of $105 and an…

A: Given information: Sales reported of $127 million, COGS is $105 million, Inventory turnover ratio is…