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##### Problem 3-4 Calculating Inventory Turnover [LO 2]...

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Problem 3-4 Calculating Inventory Turnover [LO 2] Ermy Corporation has ending inventory of $696,873 and cost of goods sold for the year just ended was $7,151,165. Requirement 1: What is the inventory turnover? (Round your answer to 2 decimal places (e.g., 32.16).) Inventory turnover__________ times. Requirement 2: The days? sales in inventory? (Round your answer to 2 decimal places (e.g., 32.16).) Days? sales in inventory___________days. Requirement 3: How long on average did a unit of inventory sit on the shelf before it was sold? (Round your answer to 2 decimal places (e.g., 32.16).) Unit of inventory________days. Problem 3-8 Du Pont Identity [LO 3] Jiminy Cricket Removal has a profit margin of 10 percent, total asset turnover of 1.06, and ROE of 14.40 percent. Required: What is this firm?s debt-equity ratio? (Round your answer to 2 decimal places (e.g., 32.16).) Debt-equity ratio____________. Problem 3-6 Calculating Market Value Ratios [LO 2] Crabtree, Inc., had additions to retained earnings for the year just ended of $631,000. The firm paid out $100,000 in cash dividends, and it has ending total equity of $7.26 million. Requirement 1: If the company currently has 630,000 shares of common stock outstanding, what are earnings per share, dividends per share and book value per share?(Do not include the dollar signs ($). Round your answers to 2 decimal places (e.g., 32.16).) Earnings per share_____________. Dividends per Share____________. Book value per share_____________. Requirement 2: If the stock currently sells for $29.60 per share, what is the market-to-book ratio and the price-earnings ratio? (Round your answers to 2 decimal places (e.g., 32.16).) Market-to-book ratio_____________times. Price-earnings ratio______________ times. Requirement 3: If total sales were $10.56 million, what is the price-sales ratio? (Round your answer to 2 decimal places (e.g., 32.16).) Price-sale ratio_____________times. Problem 3-2 Calculating Profitability Ratios [LO 2] Here and Gone, Inc., has sales of $18.5 million, total assets of $13.5 million, and total debt of $4.3 million. Assume the profit margin is 8 percent. Requirement 1: What is net income? (Do not include the dollar sign ($). Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) Net income___$____________. Requirement 2: What is ROA? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) ROA_________% Requirement 3: What is ROE? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) ROE___________% Problem 3-24 Market Value Ratios [LO 2] Young Trucking, Inc., has a current stock price of $46.50. For the past year, the company had net income of $6,750,000, total equity of $21,680,000, sales of $40,000,000, and 5.1 million shares of stock outstanding. Requirement 1: What are earnings per share? (Do not include the dollar sign ($). Round your answer to 2 decimal places (e.g., 32.16).) Earnings per share___$________________. Requirement 2: What is the price-earnings ratio? (Round your answer to 2 decimal places (e.g., 32.16).) Price-earnings ratio_____________________. Requirement 3: What is the price-sales ratio? (Round your answer to 2 decimal places (e.g., 32.16).) Price-sales ratio_________________. Requirement 4: What is the book value per share? (Do not include the dollar sign ($). Round your answer to 2 decimal places (e.g., 32.16).) Book value per share______________. Requirement 5: What is the market-to-book ratio? (Round your answer to 2 decimal places (e.g., 32.16).) Market-to-book ratio____________. Problem 3-14 Sustainable Growth [LO 3] Assume the following ratios are constant. Total asset turnover = 2.27 Profit margin=5.5% Equity Multiplier= 1.74 Payout ratio= 38% Required: What is the sustainable growth rate? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) Sustainable growth rate__________%,thank you much!,Perfect, thanks,Just payed the $60. Could you please make sure all the steps to answering the questions are there, even the very basic algebra/equations. Thanks.,I'm sorry, I cant find the answers on the attached file that you sent me. The attached file is the same word doc. i sent you. Is something missing, because the doc. you sent me displays no work or answers?,Should I have another document file to open with the answers/ work attached? I just spent $60 for tutoring assistance and this assignment is due tomorrow morning. I really need this fixed a.s.a.p. thanks.,Thank you..,Thank you..,when will this assignment be fully completed and sent over to me? its due tomorrow moring and its getting late, im confused on why this happened in the first place. i use this tutoring service all the time and never had any issues before.,well my assignment is late, any luck completing it or do i get a $60 refund?

Paper#5259 | Written in 18-Jul-2015

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