FIN 100 WEEK 3 – QUIZ 2 CHAPTERS 3, 4, AND 5
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You are evaluating the balance sheet for PattyCake’s
Corporation. From the balance sheet you find the following balances: cash and
marketable securities = $400,000; accounts receivable = $1,200,000; inventory =
$2,100,000; accrued wages and taxes = $500,000; accounts payable = $800,000;
and notes payable = $600,000.
Debt Management Ratios Trina’s Trikes, Inc.
reported a debt-to-equity ratio of 1.81 times at the end of 2008. If the firm’s
total debt at year-end was $9.00 million, how much equity does Trina’s Trikes
have?
Loan amortization schedules show:
Approximately what interest rate is needed to double an
investment over four years?
Which ratio measures a firm’s ability to pay short-term
obligations with its available cash and market securities?
DuPont Analysis If Epic, Inc. has an ROE =
32%, equity multiplier = 3.3, a profit margin of 12.7%, what is the total asset
turnover ratio? (Round your answer to 4 decimal places.)
We call the process of earning interest on both the original
deposit and on the earlier interest payments:
A deposit of $300 earns interest rates of 7 percent in the first
year and 10 percent in the second year. What would be the second year future
value?
A deposit of $300 earns interest rates of 7 percent in the first
year and 10 percent in the second year. What would be the second year future
value?
To compute the present or future value of an annuity due, one
computes the value of an ordinary annuity and then:
What is the present value, when interest rates are 6.5 percent,
of a $100 payment made every year forever?
Which of the following refers to the amount of debt versus
equity a firm has on its balance sheet?
What is the present value of a $200 payment made in 3 years when
the discount rate is 8 percent?
Asset Management Ratios Corn Products, Corp.
ended the year 2008 with an average collection period of 41 days. The firm’s
credit sales for 2008 were $9.1 million. What is the year-end 2008 balance in
accounts receivable for Corn Products? (Consider a 365 days a year.)
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