The Caughlin Company has a long-term debt ratio of .45 and a current ratio of 1.25. Current
Question:
The Caughlin Company has a long-term debt ratio of .45 and a current ratio of 1.25. Current liabilities are $987, sales are $6,860, profit margin is 8.6 percent, and ROE is 17.5 percent. What is the amount of the firm's net fixed assets?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Input area Longterm debt ratio 045 Current ratio 125 Curr...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Corporate Finance questions
-
The Caughlin Company has a long-term debt ratio of .35 and a current ratio of 1.30. Current liabilities are $910, sales are $6,430, profit margin is 9.5 percent, and ROE is 18.5 percent. What is the...
-
Ratios and Fixc4 Assets The Richmond Company has a long-term debt ratio of .60 and a current ratio of 1:30. Current liabilities are $980, sales are $5,105, profit margin is 95 percent, and ROE is...
-
The Smathers Company has a long-term debt ratio (i.e.. the ratio of long-term debt to long-term debt plus equity) of .45 and a current ratio of 1.30. Current liabilities are $2,435, sales are...
-
Consider the no-trade input/output situation presented in the following table for countries X and Y. Assuming that free trade is allowed, develop a scenario that will benefit the citizens of...
-
Katie Couric Company had bonds outstanding with a maturity value of $300,000. On April 30, 2009, when these bonds had an unamortized discount of $10,000, they were called in at 104. To pay for these...
-
Norfolk Savings Bank is considering the establishment of a new branch office at the corner of 49th Street and Hampton Boulevard. The savings associations economics department projects annual...
-
Patty Hayes owned four Personal Seat Licenses (PSLs) at the Cleveland Browns Stadium. Hayess PSLs reserved four seats on the 50-yard line, at the railing, on the north side of the stadium. As the...
-
The comparative financial statements of Bettancort Inc. are as follows. The market price of Bettancort Inc. common stock was $71.25 on December 31, 2014. Liabilities Instructions Determine the...
-
What are some similarities and differences between the Microsoft SQL Server, Oracle Database, Amazon Aurora, IBM Db2, and MySQL relational database vendors?
-
Moranda and Sills, LLP, has served for over 10 years as the auditor of the financial statements of Highland Credit Union. The firm is conducting its audit planning for the current fiscal year and is...
-
Shelton, Inc., has sales of $17.5 million, total assets of $13.1 million, and total debt of $5.7 million. If the profit margin is 6 percent, what is net income? What is ROA? What is ROE?
-
In response to complaints about high prices, a grocery chain runs the following advertising campaign: "If you pay your child $1.50 to go buy $50 worth of groceries, then your child makes twice as...
-
a. Why is underpricing a cost to the issuing firm? b. Suppose a stockbroker calls you up out of the blue and offers to sell you all the shares you want of a new issue. Do you think the issue will be...
-
Why would law enforcement agencies decide to keep dark web markets operational and not just "take them down"?
-
Accounts Receivable and the Allowance for Doubtful Accounts can impact your income statement, and how this number can be manipulated if the appropriate AR procedures are not followed. What are the...
-
describe why Inventories and Prepaid Expenses are excluded from the calculation of the Quick (Acid Test) Ratio.Describe why it would be important to compare your balance sheet to the balance sheets...
-
What is the present value of the project on January 1, 2021?
-
You have been asked to assess the value of synergy in an acquisition of Nuevos Fashion, a children's apparel firm, by Fitch and Spitzer, a general apparel firm. You are supplied with the following...
-
What assumption does the scatterplot below violate? 8 7 3- 1 4 3. 2. 4. 2.
-
The population of Detroit, Michigan, decreased from 1,027,974 in 1990 to 688,701 in 2013 (Source: U.S. Census Bureau). Find the average rate of change in the population of Detroit, Michigan, over the...
-
Time Value Eligibility for a subsidized Stafford loan is based on current financial need. However, both subsidized and unsubsidized Stafford loans are repaid out of future income. Given this, do you...
-
Time Value Eligibility for a subsidized Stafford loan is based on current financial need. However, both subsidized and unsubsidized Stafford loans are repaid out of future income. Given this, do you...
-
Time Value a viatical settlement is a lump sum of money given to a terminally ill individual in exchange for his life insurance policy. When the insured person dies, the purchaser receives the payout...
-
On January 1, 2019, Jerome Company purchased nontrading equity investments which are irrevocably designated at FVOCI Purchase Transaction price Market value December 31, 2019 cost Security A Security...
-
Identify the revision of the sentence that removes fillers without changing the meaning of the sentence. Isabella was looking for the gross income total in the report when she said she was absolutely...
-
You are considering investing in the following 10 year cash flow. If you required rate of return is 8%, what is the current value of this project? Assume all cash flows occur at the end of the year....
Study smarter with the SolutionInn App