Question: Please help me answer these questions. 14) Kessler Cleaners has accounts receivable of $28,943, total assets of $387,600, cost of goods sold of $317,400, and
Please help me answer these questions.
14) Kessler Cleaners has accounts receivable of $28,943, total assets of $387,600, cost of goods sold of $317,400, and a capital intensity ratio of .97. What is the accounts receivable turnover rate?
12.63
13.81
12.42
14.61
10.97
15) Leisure Products has sales of $738,800, cost of goods sold of $598,200, and accounts receivable of $86,700. How long on average does it take the firm's customers to pay for their purchases? Assume a 365-day year.
8.65 days
11.28 days
25.01 days
42.83 days
45.33 days
17)A firm has net income of $197,400, a return on assets of 8.4 percent, and a debt-equity ratio of .72. What is the return on equity?
11.67 percent
18.98 percent
14.45 percent
16.22 percent
15.06 percent
19) World Exports has total assets of $938,280, a total asset turnover rate of 1.18, a debt-equity ratio of .47, and a return on equity of 18.7 percent. What is the firm's net income?
$119,359.43
$88,303.33
$104,624.14
$121,548.09
$92,236.67
20) Tessler Farms has a return on equity of 11.28 percent, a debt-equity ratio of 1.03, and a total asset turnover of .87. What is the return on assets?
5.56 percent
8.06 percent
13.67 percent
15.24 percent
17.41 percent
21) A firm has adopted a policy whereby it will not seek any additional external financing. Given this, what is the maximum growth rate for the firm if it has net income of $32,600, total equity of $294,000, total assets of $503,000, and a 25 percent dividend payout ratio?
5.11 percent
4.88 percent
6.62 percent
7.67 percent
8.37 percent
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