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Question;51. A firm has sales of \$2,190, net income of \$174;net fixed assets of \$1,600, and current assets of \$720. The firm has \$310 in;inventory. What is the common-size statement value of inventory?;A. 13.36 percent;B. 14.16 percent;C. 19.38 percent;D. 30.42 percent;E. 43.06 percent;52. A firm has sales of \$3,400, net income of \$390;total assets of \$4,500, and total equity of \$2,750. Interest expense is \$40.;What is the common-size statement value of the interest expense?;A. 0.89 percent;B. 1.18 percent;C. 3.69 percent;D. 10.26 percent;E. 14.55 percent;53. Last year, which is used as the base year, a firm;had cash of \$52, accounts receivable of \$218, inventory of \$509, and net fixed;assets of \$1,107. This year, the firm has cash of \$61, accounts receivable of;\$198, inventory of \$527, and net fixed assets of \$1,216. What is the;common-base year value of accounts receivable?;A. 0.08;B. 0.10;C. 0.88;D. 0.91;E. 1.18;54. Russell's Deli has cash of \$136, accounts;receivable of \$87, accounts payable of \$215, and inventory of \$409. What is the;value of the quick ratio?;A. 0.31;B. 0.53;C. 0.71;D. 1.04;E. 1.07;55. Uptown Men's Wear has accounts payable of \$2,214;inventory of \$7,950, cash of \$1,263, fixed assets of \$8,400, accounts;receivable of \$3,907, and long-term debt of \$4,200. What is the value of the;net working capital to total assets ratio?;A. 0.31;B. 0.42;C. 0.47;D. 0.51;E. 0.56;56. A firm has total assets of \$311,770 and net fixed;assets of \$167,532. The average daily operating costs are \$2,980. What is the;value of the interval measure?;A. 31.47 days;B. 48.40 days;C. 56.22 days;D. 68.05 days;E. 104.62 days;57. A firm has a debt-equity ratio of 0.42. What is;the total debt ratio?;A. 0.30;B. 0.36;C. 0.44;D. 1.58;E. 2.38;58. A firm has total debt of \$4,620 and a debt-equity;ratio of 0.57. What is the value of the total assets?;A. \$6,128.05;B. \$7,253.40;C. \$9,571.95;D. \$11,034.00;E. \$12,725.26;59. A firm has sales of \$68,400, costs of \$42,900;interest paid of \$2,100, and depreciation of \$6,500. The tax rate is 34 percent.;What is the value of the cash coverage ratio?;A. 12.14;B. 15.24;C. 17.27;D. 23.41;E. 24.56;60. The Bike Shop paid \$2,310 in interest and \$1,850;in dividends last year. The times interest earned ratio is 2.2 and the;depreciation expense is \$460. What is the value of the cash coverage;ratio?;A. 1.67;B. 1.80;C. 2.21;D. 2.40;E. 2.52

Paper#44948 | Written in 18-Jul-2015

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