Question: NOTE: this is a multi-part question using the same data. Read carefully and show all work. Make sure I can see your answer to each

 NOTE: this is a multi-part question using the same data. Read
carefully and show all work. Make sure I can see your answer

NOTE: this is a multi-part question using the same data. Read carefully and show all work. Make sure I can see your answer to each question very clearly. Please do not imbed Excel sheets in here to solve. Either type, or hand write and then upload your scans. If you are using jpg, make as clear and large as possible so I can read your numbers. Typing them is perfectly ok, by the way. Bobby's Bengals, LTD. Data from 2021 Sales 4,300,000 Equity 7,500,000 Dividends 100,000 Receivables 362,000 Interest 430,000 Tax Rate 25% Depreciation 300,000 Inventory 500,000 Long-Term Debt Cost of 3,100,000 Goods Sold Accounts 2,410,000 Payable 500,000 Fixed Assets 10,238,000 Cash 150,000 Notes Payable 250.000 (6 points) The Bengal Corporation has a Quick Ratio of 1.6, a Current Ratio of 2.5, an Average Collection Period of 26.28 days, Current Assets of 560,000 and Cash of 200,000. There are no marketable securities held by the firm. What were annual sales? (Hint: Use 365 for any applicable time periods in your calculations) (6 points) Once you have calculated the sales above, use the following information to continue. Tax rate is 30%, firm has cost of goods sold of 1,200,000, depreciation of 400,000. If Fixed Assets for the firm are 1,500,000, and assuming the firm carries no debt, what is Return on Assets

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