The following figures are taken from the statement of financial position of GEN Co. $m Inventory 2 Receivables 3 Cash 1 Payables 3 Bank loan repayable in 5 years time 3 What is the current ratio? A 1.33 B 2.00 C 1.00 D 0.33

The following figures are taken from the statement of financial position of GEN Co. $m Inventory 2 Receivables 3 Cash 1 Payables 3 Bank loan repayable in 5 years time 3 What is the current ratio? A 1.33 B 2.00 C 1.00 D 0.33

Name: The following figures are taken from the statement of financial positi
Uploaded: 2022-11-18T00:26:54.000Z
Channel: Bartleby
Description: The following figures are taken from the statement of financial position of GEN Co.$mInventory 2Receivables 3Cash 1Payables 3Bank loan repayable in 5 years time 3What is the current ratio?A 1.33B 2.00C 1.00D 0.33

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...

See similar textbooks

Similar questions

Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels current ratio? a. 3 c. 1 b. 2 d. 0.5
Mf3. : An entity took UAH 100,000 loan for 5 at 26% of annual interest rate. Interests are paid annually. A bank is using annuity due scheme. Interest revenue for a bank in period 1 is: An entity took UAH 100,000 loan for 5 at 26% of annual interest rate. Interests are paid annually. A bank is using annuity due scheme. Principal, paid in the fourth period, is: Outstanding loan amount is USD 17,000.00. Annuity is USD 4,315.27, interest rate is 18%. The amount of principal, paid in the given period is: Outstanding loan amount is USD 22,000.00. Annual interest rate is 11%. Interest is paid at the end of each year. In the given period bank received USD 4,300.00 of principal payment. The annuity amount is:
In the following balance sheet, Loan A(8%, 3 year)= $150 Deposit A(5%, 2 years)=$250Loan B(11%, 4 years)= $200 Deposit B(7%, 3 year)= $100Total Assets = $350 Total Liabilities = $350The GAP 3 yr=-200 if all interest rates decrease by 3%, net impact on net interest income (ΔNII) is a. +$6 b. +$7 c. +$8 d. +$9
Pete's Boats has beginning long-term debt of $180 and ending long-term debt of $310. The beginning and ending total debt balances are $340 and $360, respectively. The interest paid is $60. What is the amount of the cash flow to creditors? Select one: a. $0 b. -$10 c. $40 d. $10 e. -$70 ???
Which one of the following transactions can immediately improve the Debt to Total Assets Ratio? A Receive $5,200 cash for services provided and recorded before. B Provide services and receive $5,000 cash. C Adjust for the consumption of supplies after the annual stocktake. D Purchase Vehicle for $6,000 on credit. E Pay $2,300 annual insurance premium.
Analyse the effect of each of the following transactions on the current ratio, quick ratio, debt-to-equity ratio and earnings per share. assume that the current ratio, quick ratio and debt-to-equity ratio are each greater than 1 and that earnings per share are positive. determine if the ratio increases decrease or are unchanged. consider each transaction independently of all the other transactions. Repaid short-term loans payable of $51 000. Purchased inventory of $48 000 on cash. Made repayments of $78 000 on the long-term loan. Declared, but did not pay, a $31 000 cash dividend on shares. Borrowed an additional $56 000 on the long-term loan. Sold short-term investments recorded in the balance sheet at $30 000 for $28 000. Issued 140 000 shares at the beginning of the financial period for cash of $168 000. Received $6000 owing in cash from a customer.
From the balance sheet prepare a proforma income statement where revenues can increase by 2% and the firm can borrow at 5.5% BALANCE SHEET 2021 Cash and cash equivalents 280 Receivables 2588 Inventory 2516 Other CA 189 TOTAL CA 5573 Fixed assets 5024 TOTAL ASSETS 10597 Accounts payable 4713 Short term debt 78 TOTAL CL 4790 LT debt 921 Shareh. Equity 4886 TOTAL LIAB. AND SHARH. EQUITY 10597 INCOME STATEMENT 2021 Sales 19418 COGS 13136 Depreciations 354 SG&A 4952 EBIT 976 Interest Expenses 52 Tax 268 Net income 656 Pro-forma statement Pro Forma Forecasts Actual Projected Projected Projected Projected Projected 2021 2022 2023 2024 2025 2026 COGS/REVENUES SGA/SALES INVENTORIES/COGS OTHER CA/SALES AR/SALES AP/COGS SALES/FIXED ASSETS DEPR/ FIXED ASSETS EQUITY/INVESTED CAPITAL ST DEBT/INVESTED…
Given the following information, calculate the duration of assets and liabilities. Assets Amount Rate Duration Cash 90 Loans 800 12% 2 years Treasuries 110 9% 8 years Liabilities and Equity Time deposits 500 6% 1.75 years CDs 425 8% 2.50 years Equity 75
Based on all the ratios below, which of the two companies is most liquid? Assume that both companies have approached you seeking a six-month (short-term) loan in the amount of 30% of the respective company’s current assets. You have but one loan to give. To which company do you grant the loan? Please discuss each ratio. COMPANY 1 (date from 2018 left and 2019 right column) 1. Current Ratio= Current Assets / Current Liabilities =1271900 / 1247742 =1.02 =1100433 / 1119631 =0.98 2. Quick Ratio= Current Assets- Inventory- Prepaid Expenses / Current Liabilities =(1271900 - 124809 -954183 ) / 1247742 =0.155 =(1100433 -115136- 752562) / 1119631 =020 3. Accounts receivable turnover =Net Credit Sales/ Average Debtors =6643051 / 58752 =113.07 =6084766 / 71649 =84.92 4. Average Days to collect= 365 / Accounts receivable turnover =365 / 113.07= 3.22 365 / 84.92= 4.29 5. Inventory Turnover= COGS / Average Inventory = 3868119 / 954183 =4.05 =3559158 / 752562 =4.73 6.…
Based on the ratios below, which of the two companies is most liquid? Assume that both companies have approached you seeking a six-month (short-term) loan in the amount of 30% of the respective company’s current assets. You have but one loan to give. To which company do you grant the loan? Please discuss each ratio. COMPANY 1(Data from left to right: 2018, 2019) Accounts receivable turnover =Net Credit Sales/ Average Debtors =6643051 / 58752 =113.07 =6084766 / 71649 =84.92 Average Days to collect= 365 / Accounts receivable turnover =365 / 113.07= 3.22 365 / 84.92= 4.29 Inventory Turnover= COGS / Average Inventory = 3868119 / 954183 =4.05 =3559158 / 752562 =4.73 Average Inventory Period= 365 / Inventory Turnover = 365 / 4.05= 90.12 365 / 4.73 = 77.16 Company 2(Data years from left to right: 2018, 2019, 2020) Accounts Receivable turnover Ratio = ( Net Credit sales / Average Accounts receivable ) From table A (5/7) 184.15 143.98 129.22 Avg Days to…
1. In the _____, a balance is calculated at the end of each each, incorporating any purchases, credits, or payments that were made that day. 2. If you deposit a sum of money P in a savings account or if you borrow a sum of money P from a lender, then P is reffered to as the ______?.______ a debt means that the debr is retired in a given length of time by equal periodic payments that include compound interest. 3. An _____ is a sequence of equal period payments, If payments are made at the end of each time interval, the annuity is called an _____.? Fill in the blank for each questions thanks.
What is the correct debit/credit entry for... Company borrows $3 million from a bank with interest of 6% per year due and payable in 5 years