The following data apply to A.L Kaiser & Company (million of dollars) Cash and equivalents.....................................................$100.00 Fixed assets..................................................................283.50
Question:
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 a 365 day year
Kalser has no preferred stock-only common equity, current liabilities, and long term debt.
Find Kaiser's
(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 Answer:
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson