OCW Corporation has current assets totaling $15 million and a current ratio of 2.5 to 1. What is OCW’s current ratio immediately after it has paid $2 million of its accounts payable?

Q: This year, FCF Inc. has earnings before interest and taxes of $10,180,000, depreciation expenses of…

A: Free cash flow = EBIT*(1-tax) + Deprication - capital expenditure - Increase in Working capital

Q: The Sunflower Corporation reported the following information from their financial statements:…

A: Dollar amount of taxes the firm had to pay to the taxation office is the amount that is applicable…

Q: Barts Industries, Inc., has total assets as follows: $50,000 in cash, $15,000 in short-term…

A: Solution..     Cash = $50,000  Short term investment = $15,000  Net receivable = $120,000  Inventory…

Q: How much is the current ratio?

A: Current ratio: The financial ratio which evaluates the ability of a company to pay off the debt…

Q: Dobber Corporation had the following transactions in its first year of operations Sales (75 percent…

A: >Cash receipt and payments are accounted for under “Cash” account. >Cash account is an asset…

Q: Crystal Oil has $9 million in accounts payable, $1.8 million in salaries and taxes payable, and…

A: Payables deferral period of a company, is nothing but the average time period taken to pay the…

Q: In 2x20, ABC Company has the following data on its statement of financial position: Cash -…

A: Ratio analysis is a tool used by the financial analyst to measure the financial performance of the…

Q: What is Chipotle’s TIE

A: TIE of a company means Times Interest Ratio or interest cover ratio of a company. It evaluates a…

Q: GSW Corp. purchases its inventory from suppliers on account. During the year, its Inventory account…

A: Cash Flow from Operating Activities is part of cash flow statements. It includes Cash flow from…

Q: XYZ Company had cash of $200,000, Accounts payable of $150,000, Plant & Equipment of $350,000,…

A: Current assets = Cash + Account receivable + Inventory + Other assets            = 200,000 + 150,000…

Q: Patterson Brothers recently reported a EBITDA of $7.5 million and net income of $2.625 million. It…

A: Depreciation is the decrease in the value of the fixed assets over the specific period of time due…

Q: PAGGYTY Industries has current assets equal to $4 million. The company's current ratio is 2.0, and…

A: Formula: Current ratio = Current Assets / Current liabilities

Q: JPJ Corp has sales of $1.11 million, accounts receivable of $52,000, total assets of $5.12 million…

A: Here, Sales is $1,110,000 Accounts Receivable is $52,000 Total Assets is $5,120,000 Fixed Assets is…

Q: Will Inc. provided the following information at year-end: Cash and cash equivalents.. .P 500,000…

A: Current Liabilities are those obligations that are payable within 1 year from the reporting date.…

Q: Income from financial leasing (remaining maturity of the instrument is more than 5 years),…

A: A gross receipts tax is a tax levied on a company's gross sales after deducting business…

Q: Parsnip, Inc.'s, net income for the most recent year was $9,512. The tax rate was 3030 percent. The…

A: Given the following information: Net income: $9,512 Tax rate: 30% Total interest expense paid:…

Q: McShane Corporation has sales of $300,000, a gross profit margin of 35%, operating expenses of…

A: The time interest earned ratio is the ratio that provides the ability of the company to pay of its…

Q: Determine the Net Profit Margin, Assets Turnover Ratio, ROA, ROE and Return on Invested Capital…

A: Net Profit Margin: This ratio tells how much profit is produced as a percentage of sales.   Asset…

Q: A Company recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and…

A: Given: Sales $15,500 Operating Costs $8,250 Depreciation $1,750.  It had $9,000 of bonds outstanding…

Q: Armitage Inc. has earned gross receipts of about $10 million for the past 3 years. This year it…

A: Business interest expense for the year is that amount which is properly allocable to both an…

Q: In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and…

A: Times Interest Earned = Earnings Before Interest and Tax/ Interest Expense

Q: Garamond Corporation reported the following income statement and balance sheet for the previous…

A: The Return On Equity (ROE) ratio is a metric that quantifies how much a company's common stock…

Q: Nataro, Incorporated, has sales of $678,000, costs of $340,000, depreciation expense of $84,000,…

A: Addition to retained earnings is the amount that is left over from net income after distributing…

Q: Campbell Company has current assets of $3 million of which $750,000 are accounts receivable.  Its…

A: given that, current assets = $3million accounts receivable which Is part of current assets = $750000…

Q: Crystal Oil has $9 million in accounts payable, $1.8 in saleries and taxes payable, and $10.4 in…

A: Payables deferral period is a measure of delay between when a firm receives a bill and pays towards…

Q: National Co.' operating income (EBIT) is P500,000. The company's tax rate is 25 percent, and its…

A: Cash Flow helps the firm to disclose the business performance is well, dangerous and bankrupt. a…

Q: Aila Company has cash sales of P2,500,000 and net sales of P3,450,000, total assets of P1,240,000…

A: Times interest ratio is one of the solvency ratios and measures whether a company will be able to…

Q: A company with P50,000 in current assets, P25,000 in quick assets, and P30,000 in current…

A: Current ratio = Current assets/Current liabilities Quick ratio = (Current assets - Inventory)…

Q: In the past year, TVG had revenues of $3.10 million, cost of goods sold of $2.60 million, and…

A: Annual interest expense = Amount of debt outstanding x rate of interest x period = $1,100,000 x 9% =…

Q: In the past year, TVG had revenues of $2.93 million, cost of goods sold of $2.43 million, and…

A: Time interest earned ratio This give the ability of firm to pay interest on debt regularly. Time…

Q: Henry Company had sales revenue of USD1,200,000, gross profit of USD749,000, operating expenses of…

A: Income tax expense refers to the expense amount which company records in the accounting period for…

Q: ABC Co. has assets of $2,000,000 and owner's equity of $600,000. What percentage of the company's…

A: The ratio analysis helps to analyze the financial statements of the business.

Q: During the year, ChemClean Corporation has $280,000 in revenues, $130,000 in expenses,and $10,000 in…

A: Definition: Net income: The bottom line of an income statement which is the result of excess…

Q: In 2x20, ABC Company has the following data on its statement of financial position: Cash -…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

Q: MTC company's sales was 1,830,000 with a net margin of 5%. Changes in the company's balance sheet…

A: The cash flow statement includes all the cash flow from operating activities, financing activities…

Q: sidewinder, Inc., has sales of $678,000, costs of $339,000, depreciation expense of $84,000,…

A: Retained earnings refer to the part of the distributable profit that should not be distributed to…

Q: The earnings before interest and tax is $794 million, The depreciation is $75 million, and taxes are…

A: The term depreciation refers to the process of systematically allocating the cost of an asset over…

Q: Rollins Corp's total assets at the end of last year were $300,000 and its EBIT was $75,000. What was…

A: BEP is calculated as the ratio of Earnings Before Interest and Taxes to Total Assets

Q: Hydra Corporation has current assets of $1,600,000 and current liabilities of $850,000. If they pay…

A: Given the following information: Current assets: $1,600,000 Current liabilities: $850,000 Accounts…

Q: Kingery Corporation has current assets of $1,800,000 and current liabilities of $750,000. If they…

A: Present current ratio=current assetscurrent liabilities=$1,800,000$750,000=2.4:1 New current…

Q: Last year, Roswin Robotics have $5,000,000.00 in operating income (EBIT). Its depreciation expense…

A: Net Operating Working Capital = Operating Current Assets - Operating Current Liabilities Net Working…

Q: Archware Systems has total assets of $35.594 billion, total debt of $9.678 billion, and net sales of…

A: given, net profit margin = 0.1 sales = $22.200 billion

Q: A firm’s annual revenues are $850,000. Its expenses for the year are $615,000, and it claims…

A: Tax:- It is the amount which one pays to the government of the country as per prescribed rates or…

Q: Oxford Company has the following account balances: Cash, $40,000; Accounts Receivable, $28,000;…

A: Calculation of Current Ratio Current Ratio = Current Assets/ Current Liabilities Current Ratio = $…

Q: The total assets of Blue Co. is funded by both debt and equity with a debt to equity ratio of 100%.…

A: Here discuss about the details of to find out the additional amount which are added into the…

Q: Talbot Enterprises recently reported an EBITDA of $8 million and net incomeof $2.4 million. It had…

A: Depreciation and amortization are non-cash expenses that are deducted from EBITDA in the process to…

Q: NNR Inc.'s balance sheet showed total current assets of $1,812,000 plus $4,379,000 of net fixed…

A: GIVEN, CURRENT ASSET 1812000 FIXED ASSET 4379000 ACCOUNT PAYABLE 498000 SHORT TERM NOTE…