FIN3403: Corporate Finance M1A3: Quiz

FIN3403: Corporate FinanceM1A3 QuizKat Outfitting currently has $22,500 in cash. The company owes $49,500 to suppliers formerchandise and $52,500 to the bank for a long-term loan. Customers owe the company $41,000for their purchases. The inventory has a book value of $76,800 and an estimated market value of$72,000. If the store compiled a balance sheet as of today, what would be the book value of thecurrent assets140,300Al-Sadiq Plumbing Supply currently has $10,500 in cash. The company owes $26,900 tosuppliers for merchandise and $47,500 to the bank for a long-term loan. Customers owethecompany $33,000 for their purchases The inventory has a book value of $62,400 and anestimated market value of $65,600. If the store compiled a balance sheet as of today, what wouldbe the book value of the current assets?105,900Dexter, Incorporated, had a cost of goods sold of $75,318 At the end of the year, the accountspayable balance was $18,452. How long, on average, did it take the company to pay off itssuppliers during the year?89.46A fire has destroyed a large percentage of the financial records of the Inferno Company. Youhave the task of piecing together information in order to release a financial report. You havefound the return on equity to be 12.7 percent Sales were $1.84 million, the total debt ratio was.43, and total debt was $691,000. What is the return on assets (ROA)?7.24%Tressler Industries opted to repurchase 5,000 shares of stock last year in lieu of paying adividend The cash flow statement for last year must have which one of the following assumingthat no new shares were issued?positive cash flow to stockholdersThe concept of marginal taxation is best exemplified by which one of the following?Burke's Grocer increased its sales by $52,000 last year and had to pay an additional $16,000 intaxes.Rocket, Incorporated, has a current stock price of $59. For the past year, the company had netincome of $8.4 million, total equity of $23.2 million, sales of $48.5 million, and 4.1 millionshares of stock outstanding FIN3403: Corporate FinanceM1A3 Quiza. What are earnings per share (EPS)? 2.05b. What is the price-earnings ratio? 28.78c. What is the price-sales ratio? 4.99d. What is the book value per share? 5.66e. What is the market-to-book ratio? 10.42On December 31, 2020, The Water Street Theatre had net fixed assets of $812,650 while theDecember 31, 2021 balance sheet showed net fixed assets of $784,900 Depreciation for 2021was $84,900. What was the firm's net capital spending for 2021?57,150Medeiros Imports has cash of $41,100 and accounts receivable of $54,200. all of which isexpected to be collected The inventory cost $82,300 and can be sold today for $116,500. Thefixed assets were purchased at a total cost of $234,500 of which $118,900 has been depreciated.The fixed assets can be sold today for $138,000. What is the total book value of the firm's assets?293,200Mobius, Incorporated, has a total debt ratio of .57.a. What is its debt-equity ratio?..57 431.33 = (57/43)b. What is its equity multiplier?2.33 = 17.43Shareholder's equity is equal tonet fixed assets minus long-term debt plus net working capital?Porter Jewelers, a sole proprietorship has a marginal tax rate of 32 percent and an average taxrate of 20.9 percent. If the firm owes $34,330 in taxes, how much taxable income did it earn?164,258Assume a company has sales of $423,800. production costs of $297,400, other expenses of$18,500, depreciation expense of $36,300, interest expense of $2,100, taxes of $23,600, anddividends of $12,000. In addition, you're told that during the year the firm issued $4,500 in newequity and redeemed $6,500 in outstanding long-term debt. If net fixed assets increased by$7,400 during the year, what was the addition to net working capital?24,500