09 May WHAT IS THE TOTAL ASSET TURNOVER AND THE CAPITAL INTENSITY?
FIN201 Pre Built Problems Ch 3 1. You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances: cash and marketable securities = $440 000; accounts receivable = $1 120 000; inventory = $2 020 000; accrued wages and taxes = $460 000; accounts payable = $760 000; and notes payable = $520 000. Calculate PattyCakes’ current ratio. (Round your answer to 2 decimal places.) Calculate PattyCakes’ quick ratio. (Round your answer to 2 decimal places.) Calculate PattyCakes’ cash ratio. (Round your answer to 2 decimal places.) 2. Award:7.14 out of 7.14 points Show correct answer The top part of Ramakrishnan Inc ’s 2015 and 2014 balance sheets is listed below (in millions of dollars). 2015 2014 2015 2014 Current assets: Current liabilities: Cash and marketable securities $ 62 $ 53 Accrued wages and taxes $ 46 $ 45 Accounts receivable 157 142 Accounts payable 101 90 Inventory 220 201 Notes payable 62 54 Total $ 439 $ 396 Total $ 209 $ 189 Calculate Ramakrishnan Inc.’s current ratio for 2015 and 2014. (Round your answers to 2 decimal places.) Calculate Ramakrishnan Inc.’s quick ratio for 2015 and 2014. (Round your answers to 2 decimal places.) Calculate Ramakrishnan Inc.’s cash ratio for 2015 and 2014. (Round your answers to 2 decimal places.) 4. Mr. Husker’s Tuxedos Corp. ended the year 2015 with an average collection period of 35 days. The firm’s credit sales for 2015 were $55.8 million. What is the year-end 2015 balance in accounts receivable for Mr. Husker’s Tuxedos? (Enter your answer in dollars not millions. Round your answer to the nearest whole dollar. Use 365 days a year.) 5. Tiggie’s Dog Toys Inc. reported a debt-to-equity ratio of 1.79 times at the end of 2015. If the firm’s total debt at year-end was $29 million how much equity does Tiggie’s have on its balance sheet? (Enter your answer in millions of dollars rounded to 2 decimal places.) 6. You are considering a stock investment in one of two firms (LotsofDebt Inc. and LotsofEquity Inc.) both of which operate in the same industry. LotsofDebt Inc. finances its $33.50 million in assets with $32.00 million in debt and $1.50 million in equity. LotsofEquity Inc. finances its $33.50 million in assets with $1.50 million in debt and $32.00 million in equity. Calculate the debt ratio.(Round your answers to 2 decimal places.) Calculate the equity multiplier.(Round your answers to 2 decimal places.) Calculate the debt-to-equity.(Round your answers to 2 decimal places.) 7. Maggie’s Skunk Removal Corp.’s 2015 income statement listed net sales of $13.9 million gross profit of $9.20 million EBIT of $7.0 million net income available to common stockholders of $4.6 million and common stock dividends of $2.6 million. The 2015 year-end balance sheet listed total assets of $53.9 million and common stockholders’ equity of $22.4 million with 2.0 million shares outstanding. Calculate the profit margin. (Round your answer to 2 decimal places.) Calculate the profit margin. (Round your answer to 2 decimal places.) Calculate the profit margin. (Round your answer to 2 decimal places.) Calculate the basic earnings power. (Round your answer to 2 decimal places.) Calculate the return on assets. (Round your answer to 2 decimal places.) Calculate the return on equity. (Round your answer to 2 decimal places.) Calculate the dividend payout. (Round your answer to 2 decimal places.) 8. In 2015 Jake’s Jamming Music Inc. announced an ROA of 8.64 percent ROE of 15.30 percent and profit margin of 15.7 percent. The firm had total assets of $10.3 million at year-end 2015. Calculate the 2015 value of net income available to common stockholders for Jake’s Jamming Music Inc. (Enter your answers in dollars not in millions and round to the nearest whole dollar.) Calculate the 2015 value of common stockholders’ equity for Jake’s Jamming Music Inc. (Round your answer to the nearest dollar amount.) Calculate the 2015 value of net sales for Jake’s Jamming Music Inc. (Round your answer to the nearest dollar amount.) 9. Award:7.14 out of 7.14 points Show correct answer You are considering an investment in Roxie’s Bed & Breakfast Corp. During the last year the firm’s income statement listed an addition to retained earnings of $6.60 million and common stock dividends of $2.50 million. Roxie’s year-end balance sheet shows common stockholders’ equity of $38.3 million with 13 million shares of common stock outstanding. The common stock’s market price per share was $9.30. What is Roxie’s Bed & Breakfast’s book value per share? (Round your answer to 2 decimal places.) What is Roxie’s Bed & Breakfast’s earnings per share? (Round your answer to 2 decimal places.) Calculate the market-to-book ratio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Calculate the price-earnings ratio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) 10. Dudley Hill Golf Club’s market-to-book ratio is currently 2.6 times and the PE ratio is 6.80 times. Dudley Hill Golf Club’s common stock is currently selling at $23.66 per share. What is the book value per share? (Round your answer to 2 decimal places.) What is the earnings per share? (Round your answer to 2 decimal places.) 11. Silas 4-Wheeler Inc. has an ROE of 18.74 percent equity multiplier of 1.60 and a profit margin of 17.75 percent. What is the total asset turnover and the capital intensity? (Round your answers to 2 decimal places.) 12. Last year Hassan’s Madhatter Inc. had an ROA of 7.8 percent a profit margin of 11.18 percent and sales of $30 million. Calculate Hassan’s Madhatter’s total assets. (Enter your answer in millions.) 13. Last year Lakesha’s Lounge Furniture Corporation had an ROA of 8.0 percent and a dividend payout ratio of 28 percent. What is the internal growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 14. Last year Lakesha’s Lounge Furniture Corporation had an ROE of 18.0 percent and a dividend payout ratio of 23 percent. What is the sustainable growth rate? What is the sustainable growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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