A firm has common stock - Expert Work

1. A firm has common stock of 75, paid-in surplus of 150, total liabilities of 400, current assets of 430, and fixed assets of 630. What is the amount of the shareholders' equity? 

2.         Jake owns The Corner Market which he is trying to sell so that he can retire and travel. The Corner Market owns the building in which it is located. This building was built at a cost of $1,200,000 and is currently appraised at $1,440,000. The counters and fixtures originally cost $658,000 and are currently valued at $405,000. The inventory is valued on the balance sheet at $355,000 and has a retail market value equal to 1.2 times its cost. Jake expects the store to collect 95 percent of the $191,700 in accounts receivable. The firm has $10,600 in cash and has total debt of $1,420,000. What is the market value of the firm's equity?

3. Crandall Oil has total sales of $1,260 and costs of $685. Depreciation is $142 and the tax rate is 35 percent. The firm does not have any interest expense. What is the operating cash flow? 

4. At the beginning of the year, a firm has current assets of 366 and current liabilities of 210. At the end of the year, the current assets were 422 and the current liabilities were 250. What is the change in net working capital? 

5. At the beginning of the year, the long-term debt of a firm was 290 and total debt was 350. At the end of the year, long-term debt was 230 and total debt was 360. The interest paid was

6. Reliable Cars has sales of $3,810, total assets of $3,150, and a profit margin of 5 percent. The firm has a total debt ratio of 40 percent. What is the return on equity?  

7. A firm has sales of $1,080, net income of $203, net fixed assets of $529, and current assets of $343. The firm has $93 in inventory. What is the common-size statement value of inventory? 

8. A firm has a debt-equity ratio of .38. What is the total debt ratio? 

9. A firm has net working capital of $470, net fixed assets of $2,289, sales of $6,000, and current liabilities of $800. How many dollars worth of sales are generated from every $1 in total assets? 
10. Reliable Cars has sales of $3,730, total assets of $3,250, and a profit margin of 5 percent. The firm has a total debt ratio of 40 percent. What is the return on equity?  
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