The Tumbler has current liabilities of $350,000, a quick ratio of 1.65, inventory turnover of 4.7, and a current ratio of 2.9. What is the cost of goods sold?
Blitz Corporation had total sales of $2,690,000 last year an…
Blitz Corporation had total sales of $2,690,000 last year and has 98,000 shares of stock outstanding. The benchmark PS is 1.44 times. What stock price would you consider appropriate?
If a firm equates its pro forma sales growth to the rate of…
If a firm equates its pro forma sales growth to the rate of sustainable growth, and has positive net income and excess capacity, then the:
Tellez Finance has current liabilities of $28,000, sales of…
Tellez Finance has current liabilities of $28,000, sales of $156,900, and cost of goods sold of $62,400. The current ratio is 1.22 and the quick ratio is .71. How many days, on average, does it take to sell the inventory?
Galloway, Incorporated, just paid a dividend of $3 per share…
Galloway, Incorporated, just paid a dividend of $3 per share and has announced that it will increase its dividend by $1 per share for each of the next 4 years, and then never pay another dividend. What is the current per share value at a required return of 12.7 percent?
Travis International has a debt payment of $2.34 million tha…
Travis International has a debt payment of $2.34 million that it must make 6 years from today. The company does not want to come up with the entire amount at that time, so it plans to make equal monthly deposits into an account starting 1month from now to fund this liability. If the company can earn a return of 5.33 percent compounded monthly, how much must it deposit each month?
A corporation issued bonds three years ago. Which one of the…
A corporation issued bonds three years ago. Which one of the following is most apt to be included in the bond’s indenture?
A call-protected bond is a bond that:
A call-protected bond is a bond that:
You have just won the lottery and will receive a lump sum pa…
You have just won the lottery and will receive a lump sum payment of $23.45 million after taxes. Instead of immediately spending your money, you plan to deposit all of the money into an account that will earn 5.5 percent. If you make equal annual withdrawals for the next 40 years, how much can you withdraw each year starting exactly one year from now?
A firm has a debt-equity ratio of .62, a total asset turnove…
A firm has a debt-equity ratio of .62, a total asset turnover of 1.24, and a net profit margin of 5.1 percent. The total equity is $489,600. What is the amount of the net income?