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week 6 final question
Stokes, Inc. has net working capital of $7,900, current liabilities of $5,220, and inventory of $2,000. What is the quick ratio?
• 1.21
• 1.13
• 1.89
• 2.1
You are considering a project with an initial cash outlay of $160,000 and expected free cash flows of $40,000 at the end of each year for 6 years. The required rate of return for this project is 10%. What is the project’s payback period?
• 4.5 years
• 4 years
• 6 years
• 5 years
Bill’s Billiards has total assets of $8 million and a total asset turnover of 2.9 times. If the return on assets is 11%, what is Bill's profit margin?
• 4.10%
• 11%
• 2.50%
• 3.79
Fijisawa, Inc. is considering a major expansion of its product line and has estimated the following free cash flows associated with such an expansion. The initial outlay associated with the expansion would be $1,950,000, and the project would generate free cash flows of $450,000 per year for 6 years. The appropriate required rate of return is 9%. Calculate the net present value and the internal rate of return.
• NPV=$66,098, IRR=10.5
• NPV=$72,097, IRR=9.5
• NPV=$69,368, IRR=10
• NPV=$68,663, IRR=10.2
Terry’s Trash removal has a total debt ratio of 0.45. What is the firm’s debt-to-equity ratio?
• 1.27
• 0.41
• 0.82
• 1.82
For the most recent year, Cal’s Cats had sales of $380,000, cost of goods sold of $93,000, depreciation expense of $47,000, and additions to retained earnings of $61,420. The firm had $52,000 in interest expense, and 34% tax rate. What were the times interest earned ratio?
• 4.61
• 2.8
• 2.2
• 5.8
Stokes, Inc. has net working capital of $7,900, current liabilities of $5,220, and inventory of $2,000. What is the current ratio?
• 2.1
• 1.51
• 0.77
• 1.89
Brenda Smith, Inc. had a gross profit margin (gross profits ÷ sales) of 25% and sales of $9.75 million last year. Seventy-five percent of the firm’s sales are on credit and the remainder are cash sales. Smith’s current assets equal $1,550,000, its current liabilities equal $300,000, and it has $150,000 in cash plus marketable securities. If Smith’s accounts receivable are $562,500, what is its average collection period?
• 28 days
• 32 days
• 25 days
• 14 days
Bob’s Garages has sales of $41 million, total assets of $32 million, and total debt of $11 million. If the profit margin is 12% what is the return on equity (ROE)?
• 51%
• 14%
• 23.40%
• 12%
The R. M. Senchack Corporation earned an operating profit margin of 6% based on sales of $11 million and total assets of $6 million last year. What was Senchack’s total asset turnover ratio?
• 5.4
• 1.8
• 1
• 0.54
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