Finance

heading 1 (Worth 2 points) introduce 4-1 (The pastime info apply to the problem(s) below.) The balance saddlery and income statement shown below atomic number 18 for Pettijohn Inc. brand that the firm has no amortisation charges, it does not necessitate each assets, none of its debt must be retired during the next 5 classs, and the notes due will be turn over over. Balance piece of motif (Millions of $) Assets2007 Cash and securities$ 1,554.0 Accounts receivable9,660.0 Inventories13,440.0 tot up oc period of time assets$24,654.0 sugar kit and boodle and equipment17,346.0 come in assets$42,000.0 Liabilities and Equity Accounts payable$ 7,980.0 Notes payable5,880.0 Accruals4,620.0 contribute current liabilities$18,480.0 Long-term bonds10,920.0 nitty-gritty debt$29,400.0 Common stock3,360.0 Retained clams9,240.0 Total common equity$12,600.0 Total liabilities and equity$42,000.0 Income rumor (Millions of $)2007 take in sales$58,800.0 Operating be except deprn$54,978.0 disparagement$ 1,029.0 simoleons bef int and valuatees (EBIT)$ 2,793.0 Less interest1,050.0 Earnings in the beginning 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 meter on notes payable & L-T bonds6.

25% national plus state income tax rate35% Year-end stock outlay$77.69 Refer to Exhibit 4-1. What is the firms long time sales outstanding? assign a 360-day year for this calculation. 48.17 50.71 53.38 56.19 59.14 This is a correct answer Question Information: DSO = Accounts receivable/(Sales/360) = 59.14 Points realize on this question: 2 ________________________________________ Question 2 (Worth 2 points) Amram Companys current balance is 1.9. Considered alone, which of the following actions would reduce the companys current ratio? Borrow utilise short notes payable and drill the proceeds to reduce accruals. Borrow using short-term notes payable and part the proceeds to reduce long debt....If you want to sire a full essay, order it on our website: Ordercustompaper.com

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