FIN 341 Principles of Finance Online Winter 2014 Assignment: Ch. 3 Working with Financial Statements 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)) Current ratio times What is the quick ratio? (Round your answer to 2 decimal places. (e.g., 32.16)) Quick ratio times 2.Diamond Eyes, Inc., has sales of $20 million, total assets of $18.2 million, and total debt of $9.1 million. Assume the profit margin is 9 percent. What is net income? (Enter your answer in dollars not in millions, i.e. 1,234,567.) Net income $ What is ROA? (Round your answer to 2 decimal places. (e.g., 32.16)) ROA % What is ROE? (Round your answer to 2 decimal places. (e.g., 32.16)) ROE % 3. Boom Lay Corp. has a current accounts receivable balance of $347,850. Credit sales for the year just ended were $4,313,340. What is the receivables turnover? (Round your answer to 2 decimal places. (e.g., 32.16)) Receivables turnover times What is the days’ sales in receivables? (Use 365 days a year. Round your answer to 2 decimal places. (e.g., 32.16)) Sales in receivables days 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)) Average collection period days 4. The Cape Corporation has ending inventory of $482,850, and cost of goods sold for the year just ended was $4,548,447. What is the inventory turnover? (Round your answer to 2 decimal places. (e.g., 32.16)) Inventory turnover times What is the days’ sales in inventory? (Use 365 days a year. Round your answer to 2 decimal places. (e.g., 32.16)) Days’ sales in inventory days 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)) Inventory days on shelf days 5. Perry, Inc., has a total debt ratio of 0.36. What is its debtequity ratio? (Round your answer to 2 decimal places. (e.g., 32.16)) Debtequity ratio What is its equity multiplier? (Round your answer to 2 decimal places. (e.g., 32.16)) Equity multiplier 6. That Wich Corp. had additions to retained earnings for the year just ended of $141,000. The firm paid out $189,000 in cash dividends, and it has ending total equity of $4.94 million. The company currently has 120,000 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)) Earnings $ per share What are dividends per share? (Round your answer to 2 decimal places. (e.g., 32.16)) Dividends $ per share What is the book value per share? (Round your answer to 2 decimal places. (e.g., 32.16)) Book value $ per share If the stock currently sells for $84 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)) Market-to-book ratio times What is the priceearnings ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Priceearnings ratio times If the company had sales of $4.44 million, what is the pricesales ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Pricesales ratio times 7. If Roten Rooters, Inc., has an equity multiplier of 1.60, total asset turnover of 2.20, and a profit margin of 4 percent, what is its ROE? (Round your answer to 2 decimal places. (e.g., 32.16)) ROE % 8. You are given the following information for Shinoda Corp.: Decrease in inventory $ 500 Decrease in accounts payable 200 Increase in notes payable 185 Increase in accounts receivable 215 ________________________________________ Did cash go up or down? By how much? Cash increased by $ Classify each event as a source or u…
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