# Mgt 5000

Satisfactory Essays
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Mgt 5000
Chapter 3

1. Slightly Used Goods has cash of \$2,150, inventory of \$28,470, fixed assets of \$9,860, accounts payable of \$11,900, and accounts receivable of \$4,660. What is the cash ratio?

2. You are analyzing a company that has cash of \$11,200, accounts receivable of \$27,800, fixed assets of \$124,600, accounts payable of \$31,300, and inventory of \$56,900. What is the quick ratio?

3. Wilson's Realty has total assets of \$46,800, net fixed assets of \$37,400, current liabilities of \$6,100, and long-term liabilities of \$24,600. What is the total debt ratio?

4. A firm has total assets of \$523,100, current assets of \$186,500, current liabilities of \$141,000, and total debt of \$215,000. What is the debt-equity ratio?

5. The Jelly Jar has total assets of \$79,600 and an equity multiplier of 1.35. What is the debt-equity ratio?

6. Underwood Homes Sales has total assets of \$589,900 and total debt of \$318,000. What is the equity multiplier?

7. Friendly's Shoe Store has earnings before interest and taxes of \$21,680 and net income of \$12,542. The tax rate is 34 percent. What is the times interest earned ratio?

8. The Global Network has sales of \$418,700, cost of goods sold of \$264,900, and inventory of \$61,900. What is the inventory turnover rate?

9. Galaxy Sales has sales of \$746,700, cost of goods sold of \$603,200, and inventory of \$94,300. How long on average does it take the firm to sell its inventory?

10. Textile Mills has sales of \$923,000, cost of goods sold of \$748,000, and accounts receivable of \$106,700. How long on average does it take the firm's customers to pay for their purchases?

11. ABC & Co. has sales of \$291,200, cost of goods sold of \$163,300, net profit of \$11,360, net fixed assets of \$154,500, and current assets of \$89,500. What is the total asset turnover rate?

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