11 Jan Calculate Hassan’s

You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances: cash and marketable securities = $490,000; accounts receivable = $1,020,000; inventory = $1,920,000; accrued wages and taxes = $410,000; accounts payable = $710,000; and notes payable = $420,000.

Calculate PattyCakes’ current ratio.(Round your answer to 2 decimal places.)

Calculate PattyCakes’ quick ratio.(Round your answer to 2 decimal places.)

Calculate PattyCakes’ cash ratio.(Round your answer to 2 decimal places.)

The top part of Ramakrishnan, Inc,’s 2015 and 2014 balance sheets is listed below (in millions of dollars).

2015

2014

2015

2014

Current assets:

Current liabilities:

Cash and marketable securities

$

48

$

39

Accrued wages and taxes

$

39

$

38

Accounts receivable

150

135

Accounts payable

94

83

Inventory

213

194

Notes payable

69

61

Total

$

411

$

368

Total

$

202

$

182

Calculate Ramakrishnan, Inc.’s current ratio for 2015 and 2014.(Round your answers to 2 decimal places.)

Calculate Ramakrishnan, Inc.’s quick ratio for 2015 and 2014.(Round your answers to 2 decimal places.)

Calculate Ramakrishnan, Inc.’s cash ratio for 2015 and 2014.(Round your answers to 2 decimal places.)

Tater and Pepper Corp. reported sales for 2015 of $32 million. Tater and Pepper listed $6.5 million of inventory on its balance sheet.

How many days did Tater and Pepper’s inventory stay on the premises?(Use 365 days a year. Round your answer to 2 decimal places.)

How many times per year did Tater and Pepper’s inventory turn over?(Round your answer to 2 decimal places.)

Mr. Husker’s Tuxedos Corp. ended the year 2015 with an average collection period of 37 days. The firm’s credit sales for 2015 were $56.6 million.

What is the year-end 2015 balance in accounts receivable for Mr. Husker’s Tuxedos? (Enter your answer in dollars, not millions. Round your answer to the nearest whole dollar. Use 365 days a year.)

Tiggie’s Dog Toys, Inc. reported a debt-to-equity ratio of 1.80 times at the end of 2015. If the firm’s total debt at year-end was $30 million, how much equity does Tiggie’s have on its balance sheet?(Enter your answer in millions of dollars rounded to 2 decimal places.)

You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in the same industry. LotsofDebt, Inc. finances its $37.50 million in assets with $33.50 million in debt and $4.00 million in equity. LotsofEquity, Inc. finances its $37.50 million in assets with $4.00 million in debt and $33.50 million in equity.

Calculate the debt ratio.(Round your answers to 2 decimal places.)

Calculate the equity multiplier.(Round your answers to 2 decimal places.)

Calculate the debt-to-equity.(Round your answers to 2 decimal places.)

Maggie’s Skunk Removal Corp.’s 2015 income statement listed net sales of $13.3 million, gross profit of $8.60 million, EBIT of $6.4 million, net income available to common stockholders of $4.0 million, and common stock dividends of $2.0 million. The 2015 year-end balance sheet listed total assets of $53.3 million and common stockholders’ equity of $21.8 million with 2.0 million shares outstanding.

Calculate the profit margin.(Round your answer to 2 decimal places.)

Calculate the profit margin.(Round your answer to 2 decimal places.)

Calculate the profit margin.(Round your answer to 2 decimal places.)

Calculate the basic earnings power.(Round your answer to 2 decimal places.)

Calculate the return on assets.(Round your answer to 2 decimal places.)

Calculate the return on equity.(Round your answer to 2 decimal places.)

Calculate the dividend payout.(Round your answer to 2 decimal places.)

In 2015, Jake’s Jamming Music, Inc., announced an ROA of 8.64 percent, ROE of 15.30 percent, and profit margin of 15.7 percent. The firm had total assets of $10.3 million at year-end 2015.

Calculate the 2015 value of net income available to common stockholders for Jake’s Jamming Music, Inc.(Enter your answers in dollars not in millions and round to the nearest whole dollar.)

Calculate the 2015 value of common stockholders’ equity for Jake’s Jamming Music, Inc.(Round your answer to the nearest dollar amount.)

Calculate the 2015 value of net sales for Jake’s Jamming Music, Inc.(Round your answer to the nearest dollar amount.)

You are considering an investment in Roxie’s Bed & Breakfast Corp. During the last year, the firm’s income statement listed an addition to retained earnings of $15.60 million and common stock dividends of $1.40 million. Roxie’s year-end balance sheet shows common stockholders’ equity of $54.8 million with 18 million shares of common stock outstanding. The common stock’s market price per share was $8.20.

What is Roxie’s Bed & Breakfast’s book value per share?(Round your answer to 2 decimal places.)

What is Roxie’s Bed & Breakfast’s earnings per share?(Round your answer to 2 decimal places.)

Calculate the market-to-book ratio.(Do not round intermediate calculations. Round your answer to 2 decimal places.)

Calculate the price-earnings ratio.(Do not round intermediate calculations. Round your answer to 2 decimal places.)

Dudley Hill Golf Club’s market-to-book ratio is currently 2.7 times and the PE ratio is 6.85 times. Dudley Hill Golf Club’s common stock is currently selling at $24.84 per share.

What is the book value per share?(Round your answer to 2 decimal places.)

What is the earnings per share?(Round your answer to 2 decimal places.)

Silas 4-Wheeler, Inc., has an ROE of 16.66 percent, equity multiplier of 1.40, and a profit margin of 17.50 percent.

What is the total asset turnover and the capital intensity?(Round your answers to 2 decimal places.)

Last year, Hassan’s Madhatter, Inc., had an ROA of 6.8 percent, a profit margin of 12.24 percent, and sales of $20 million.

Calculate Hassan’s Madhatter’s total assets.(Enter your answer in millions.)

Last year, Lakesha’s Lounge Furniture Corporation had an ROA of 6.2 percent and a dividend payout ratio of 32 percent.

What is the internal growth rate?(Do not round intermediate calculations. Round your answer to 2 decimal places.)

Last year Lakesha’s Lounge Furniture Corporation had an ROE of 16.4 percent and a dividend payout ratio of 26 percent. What is the sustainable growth rate?

What is the sustainable growth rate?(Do not round intermediate calculations. Round your answer to 2 decimal places.)