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1. Calculating Inventory Turnover [ LO2 ] The Green Corporation has ending inventory of $ 417,381, and cost of goods sold for the year just ended was $ 4,682,715. What is the inventory turnover? The days’ sales in inventory? How long on average did a unit of inventory sit on the shelf before it was sold?
2. DuPont Identity [ LO4 ] If Roten Rooters, Inc., has an equity multiplier of 1.15, total asset turnover of 2.10, and a profit margin of 6.1 percent, what is its ROE?
3. Building an Income Statement [ LO1 ] Billy’ s Exterminators, Inc., has sales of $ 817,000, costs of $ 343,000, depreciation expense of $ 51,000, interest expense of $ 38,000, and a tax rate of 35 percent. What is the net income for this firm?
3a. Dividends and Retained Earnings [ LO1 ] Suppose the firm in Problem 3 paid out $ 95,000 in cash dividends. What is the addition to retained earnings?
3b. Per-Share Earnings and Dividends [ LO1 ] Suppose the firm in Problem 3a had 90,000 shares of common stock outstanding. What is the earnings per share, or EPS, figure? What is the dividends per share figure?( Use attached Excel Spreadsheet for this question)
4. Calculating Additions to NWC [ LO4 ] The 2014 balance sheet of Steelo, Inc., showed current assets of $ 4,630 and current liabilities of $ 2,190. The 2015 balance sheet showed current assets of $ 5,180 and current liabilities of $ 2,830. What was the company’ s 2015 change in net working capital, or NWC?