Plants galore operates a commercial plant nursery where it propagates plants for garden centers throughout the region. plants galore has $ 5.25 million in assets. its yearly fixed costs are $ 668 comma 500, and the variable costs for the potting soil, container, label, seedling, and labor for each gallon-sized plant total $ 1.20. plants galore's volume is currently 490 comma 000 units. competitors offer the same quality plants to garden centers for $ 3.70 each. garden centers then mark them up to sell to the public for $ 8 to $ 9, depending on the type of plant. read the requirements requirement 1. plants galore owners want to earn a 12% return on the company's assets. what is plants galore's target full cost? calculate the target full cost for plants galore. select the formula labels and enter the amounts. revenue at current market price $1,813,000 less: desired profit 630,000 target full cost $1,183,000 requirement 2. given plants galore's current costs, will its owners be able to achieve their target profit? show your analysis. calculate plants galore's current total full cost. select the formula labels and enter the amounts. current variable costs $588,000 current fixed costs 668,500 total full cost $1,256,500 plants galore's current total full costs of $ 73500 is will not its target full cost. plants galore ▼ meet the owner's profit expectations.

Grace period is a period of time before the credit card company starts charging late fees. truefalse

Pettijohn inc. the balance sheet and income statement shown below are for pettijohn inc. note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. balance sheet (millions of $) assets 2016 cash and securities $ 1,554.0 accounts receivable 9,660.0 inventories 13,440.0 total current assets $24,654.0 net plant and equipment 17,346.0 total assets $42,000.0 liabilities and equity accounts payable $ 7,980.0 notes payable 5,880.0 accruals 4,620.0 total current liabilities $18,480.0 long-term bonds 10,920.0 total debt $29,400.0 common stock 3,360.0 retained earnings 9,240.0 total common equity $12,600.0 total liabilities and equity $42,000.0 income statement (millions of $) 2016 net sales $58,800.0 operating costs except depr'n $54,978.0 depreciation $ 1,029.0 earnings bef int and taxes (ebit) $ 2,793.0 less interest 1,050.0 earnings before taxes (ebt) $ 1,743.0 taxes $ 610.1 net income $ 1,133.0 other data: shares outstanding (millions) 175.00 common dividends $ 509.83 int rate on notes payable 1. what is the firm's current ratio? (points : 6) 0.97 1.08 1.20 1.33 2. what is the firm's quick ratio? (points : 6) 0.49 0.61 0.73 0.87 3. what is the firm's total assets turnover? (points : 6) 0.90 1.12 1.40 1.68 4. what is the firm's inventory turnover ratio? (points : 6) 4.38 4.59 4.82 5.06 5. what is the firm's debt ratio? (points : 6) 45.93% 51.03% 56.70% 70.00% 6. what is the firm's roa? (points : 6) 2.70% 2.97% 3.26% 3.59% 7. what is the firm's roe? (points : 6) 8.54% 8.99% 9.44% 9.91%

Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be: