Business, 23.09.2019 16:30, andrewmena05
Exercise 13-17 swifty company has been operating for several years, and on december 31, 2017, presented the following balance sheet. swifty company balance sheet december 31, 2017 cash $41,400 accounts payable $77,500 receivables 68,900 mortgage payable 128,000 inventory 102,500 common stock ($1 par) 150,300 plant assets (net) 220,000 retained earnings 77,000 $432,800 $432,800 the net income for 2017 was $26,600. assume that total assets are the same in 2016 and 2017. compute each of the following ratios. (round answers to 2 decimal places, e. g. 1.59 or 45.87%.) (a) current ratio (b) acid-test ratio (c) debt to assets ratio % (d) return on assets %
Answers: 1
Business, 21.06.2019 21:00, castiaulii16
The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?
Answers: 3
Business, 22.06.2019 20:40, nikolas36
Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline. b. taxable income will decline. c. the tax bill will increase. d. net income will decrease. e. the times-interest-earned ratio will decrease
Answers: 1
Exercise 13-17 swifty company has been operating for several years, and on december 31, 2017, presen...
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