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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: