The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $487,600 $377,100 Marketable securities 585,000 396,000 Accounts and notes receivable (net) 729,200 546,900 Inventories 116,100 49,900 Prepaid expenses 62,100 38,100 Total current assets $1,980,000 $1,408,000 Current liabilities: Accounts and notes payable (short-term) $742,500 $660,000 Accrued liabilities 247,500 220,000 Total current liabilities $990,000 $880,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Determine for each year (1) the working capital(2) the current ratio, and(3) the quick ratio. Round the ratios to one decimal place and the working capital to the nearest dollar.
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Business, 22.06.2019 13:00, dolltan
Creation landscaping has 1,000 bonds outstanding that are selling for $1,280 each. the company also has 2,000 shares of preferred stock outstanding, currently priced at $27.20 a share. the common stock is priced at $37.00 a share and there are 28,000 shares outstanding. what is the weight of the debt as it relates to the firm's weighted average cost of capital?
Answers: 1
Business, 22.06.2019 15:00, nando3024
Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor. required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)
Answers: 2
Business, 22.06.2019 15:30, jasonoliva13
Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration
Answers: 2
The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal...
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