FIN 3403 Principles of Financial Mgmt (Spring 2015) Chapter 3 Homework (2015)

| June 5, 2016

Question
(3403 Spring 2015)

Assignment:

Chapter 3 Homework

1.

Award: 10 out of 10.00 points

SDJ, Inc., has net working capital of $3,640, current liabilities of $5,430, and inventory of $4,290.

What is the current ratio?(Round your answer to 2 decimal places. (e.g., 32.16))

What is the quick ratio?(Round your answer to 2 decimal places. (e.g., 32.16))

2.

Award: 10 out of 10.00 points

Kindle Fire Prevention Corp. has a profit margin of 5.3 percent, total asset turnover of 2.4, and ROE of 19.84 percent. What is this firm’s debt–equity ratio?(Do not round intermediate calculations and round your final answer to 2 decimal places.(e.g., 32.16))

3.

Award: 10 out of 10.00 points

Perry, Inc., has a total debt ratio of 0.38. What is its debt–equity ratio?(Round your answer to 2 decimal places. (e.g., 32.16))

What is its equity multiplier?(Round your answer to 2 decimal places. (e.g., 32.16))

4.

Award: 10 out of 10.00 points

Boom Lay Corp. has a current accounts receivable balance of $335,500. Credit sales for the year just ended were $4,448,730.

What is the receivables turnover?(Round your answer to 2 decimal places. (e.g., 32.16))

What is the days’ sales in receivables?(Use 365 days a year. Round your answer to 2 decimal places. (e.g., 32.16))

How long did it take on average for credit customers to pay off their accounts during the past year?(Use 365 days a year.Round your answer to 2 decimal places. (e.g., 32.16))

5.

Award: 10 out of 10.00 points

Y3K, Inc., has sales of $6,319, total assets of $2,935, and a debt–equity ratio of 1.30. If its return on equity is 14 percent, what is its net income?(Do not round intermediate calculation and round your final answer to 2 decimal places. (e.g., 32.16))

6.

Award: 10 out of 10.00 points

If Roten Rooters, Inc., has an equity multiplier of 1.64, total asset turnover of 1.90, and a profit margin of 4.4 percent, what is its ROE?(Round your answer to 2 decimal places.(e.g., 32.16))

7.

Award: 10 out of 10.00 points

Diamond Eyes, Inc., has sales of $13 million, total assets of $11 million, and total debt of $6.4 million. Assume the profit margin is 6 percent.

What is net income?(Enter your answer in dollars not in millions,i.e. 1,234,567.)

What is ROA?(Round your answer to 2 decimal places. (e.g., 32.16))

What is ROE?(Round your answer to 2 decimal places. (e.g., 32.16))

8.

Award: 10 out of 10.00 points

That Wich Corp. had additions to retained earnings for the year just ended of $174,000. The firm paid out $190,000 in cash dividends, and it has ending total equity of $4.95 million. The company currently has 140,000 shares of common stock outstanding.

What are earnings per share?(Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

What are dividends per share?(Round your answer to 2 decimal places. (e.g., 32.16))

What is the book value per share?(Round your answer to 2 decimal places. (e.g., 32.16))

If the stock currently sells for $86 per share, what is the market-to-book ratio?(Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

What is the price–earnings ratio?(Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

If the company had sales of $4.69 million, what is the price–sales ratio?(Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

9.

Award: 10 out of 10.00 points

The Cape Corporation has ending inventory of $483,600, and cost of goods sold for the year just ended was $4,342,728.

What is the inventory turnover?(Round your answer to 2 decimal places. (e.g., 32.16))

What is the days’ sales in inventory?(Use 365 days a year. Round your answer to 2 decimal places. (e.g., 32.16))

How long on average did a unit of inventory sit on the shelf before it was sold?(Use 365 days a year. Round your answer to 2 decimal places. (e.g., 32.16))

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