Question: Problems Ratio Analysis The following data apply to A.L Kaiser & Company(million of dollars) Cash and equivalents $ 100.00 Fixed assets 283.50 Sales 1,000.00 Net

Problems Ratio Analysis

The following data apply to A.L Kaiser & Company(million of dollars)

Cash and equivalents $ 100.00

Fixed assets 283.50

Sales 1,000.00

Net Income 50.00

Current liabilities 105.50

Carrent ratio 3.00X

DSO* 40.55 day

ROE 12.00%

*This calculation is based on a365 day year

Kalser has no preferred stock-only common equity, current liabilities, and long term debt.

Find Kaisers (1) accounts receivable, (2) Current Assets, (3) total assets, (4) ROA, (5) common equity, (6) quick ratio, and (7) long-term debt.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!