Annual sales Current liabilities
Days sales outstanding (DSO) (365-day year)
Inventory turnover ratio
Current ratio
RM1,200,000.00
RM 375.000.00
40.00
4.80
1.20X
The company's current assets consist of cash, inventories, and accounts receivable. How much
cash does Taft have on its balance sheet?
8. Bonds with a par value of RM1,000 were issued by KEE Company and have another 15
years before maturity. The coupon rate promised is 5 percent per year, paid twice a year.
The market interest rate is 6 percent. What is the present market value of this bond?
9. A government bond with a face value of RM1,000 and a coupon rate of 11% p. a. matures
in 3 years. Coupon payments occur twice each year and a payment has just been made. If the
current market yield on the bond is 13%p. a., what is the current price of the bond?
10. A RM1.000.000 coupon bond mature in 10 years has a coupon rate of 8.25 percent and the rate
of return is 7.5 percent compounded annually. Calculate the price of this bond and what can
you say on the value of the bond. premium? Par? Or Discount?
o Fogus