Assets Liabilities and Equity Cash Question

Question Description

Im trying to learn for my Management class and Im stuck. Can you help?

Intro

2)

Use the following information to answer the questions:

Assets Liabilities and Equity Cash14,000Accounts payable19,000Marketable securities2,000Notes payable6,000Accounts receivable7,000Current liabilities25,000Inventory35,000Long-term debt95,000Current assets58,000Total liabilities120,000Machines34,000Paid-in capital20,000Real estate80,000Retained earnings32,000Net fixed assets114,000Equity52,000Total assets172,000Total liab. & equity172,000
Line itemValueSales75,000- Costs61,500- Depreciation2,000= EBIT11,500- Interest800= Taxable income10,700- Taxes3,531= Net income7,169

QUESTION

– What is the times-interest-earned ratio?

Intro

3)

Sales for the year were $168,000.

The balance sheet at the end of the year is given below:

AssetsLiabilities and EquityCash11,000Accounts payable17,000Marketable securities2,000Notes payable6,000Accounts receivable7,000Current liabilities23,000Inventory33,000Long-term debt95,000Current assets53,000Total liabilities118,000Machines34,000Paid-in capital20,000Real estate80,000Retained earnings29,000Net fixed assets114,000Equity49,000Total assets167,000Total liab. & equity167,000

QUESTION

– What is the total asset turnover ratio?

Intro

4)

Use the following information to answer the questions:

AssetsLiabilities and EquityCash9,000Accounts payable17,000Marketable securities2,000Notes payable6,000Accounts receivable4,000Current liabilities23,000Inventory42,000Long-term debt95,000Current assets57,000Total liabilities118,000Machines34,000Paid-in capital20,000Real estate80,000Retained earnings33,000Fixed assets114,000Equity53,000Total assets171,000Total liab. & equity171,000
Line itemValueSales74,000- Operating expenses60,680- Depreciation2,000= EBIT11,320- Interest800= Taxable income10,520- Taxes3,472= Net income7,048

QUESTION

– What is the return on assets (aka return on total assets)?

Intro

5)

Use the following information to answer the questions:

AssetsLiabilities and EquityCash12,000Accounts payable19,000Marketable securities4,000Notes payable8,000Accounts receivable11,000Current liabilities27,000Inventory39,000Long-term debt80,000Current assets66,000Total liabilities107,000Machines42,000Paid-in capital30,000Real estate60,000Retained earnings31,000Net fixed assets102,000Equity61,000Total assets168,000Total liab. & equity168,000
Line itemValueSales690,000Operating expenses565,800Depreciation25,000EBIT99,200Interest8,000Taxable income91,200Taxes30,096Net income61,104

The company has 30,000 shares of common stock outstanding, each currently trading at $20.9.

QUESTION

– What is the price-earnings ratio?

Intro

6)

Use the following information to answer the questions:

The company has 30,000 shares of common stock outstanding, each currently trading at $20.9.

QUESTION

– What is the price-earnings ratio?

Intro

7)

Samsung has sales of $44,000 and a net income of $20,000. Total assets are $43,000 and total equity is $33,000.

The consumer electronics industry as a whole has the following characteristics:

RatioValueProfit margin0.137Total asset turnover0.941Equity multiplier1.8Return on equity0.232

QUESTION

– What is Samsung’s total asset turnover?

Intro

8)

A company has sales of $39,000 and total costs of $29,000, including depreciation and interest expenses. The average tax rate is 50%.

Total assets are $74,000 and total equity is $40,000.

QUESTION

– What is the total debt ratio (including all liabilities)?

Intro

9)

Use the following information to answer the questions:

AssetsLiabilities and EquityCash13,000Accounts payable21,000Marketable securities4,000Notes payable8,000Accounts receivable9,000Current liabilities29,000Inventory26,000Long-term debt80,000Current assets52,000Total liabilities109,000Machines42,000Paid-in capital30,000Real estate60,000Retained earnings15,000Net fixed assets102,000Equity45,000Total assets154,000Total liab. & equity154,000
Income statementSales430,000Operating expenses387,000Depreciation25,000EBIT18,000Interest5,000Taxable income13,000Taxes4,290Net income8,710

There are 9,000 shares outstanding, each currently trading for $8.22.

QUESTION

– What is the equity multiplier?

Our Service Charter

1. Professional & Expert Writers: Writing Expert only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Writing Expert are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Writing Expert is known for timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Writing Expert, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.

Our Service Charter