Net working capital is defined as:
Which one of the following is a current liability?
When you are making a financial decision, the most relevant tax rate is the ____ rate.
At the beginning of the year, a firm has current assets of 366 and current liabilities of 232. At the end of the year, the current assets were 406 and the current liabilities were 272. What is the change in net working capital?
During 2015, Rainbow Umbrella Corp. had sales of $870,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $580,000, $90,000, and $150,000, respectively. In addition, the company had an interest expense of $89,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)
Sankey, Inc., has current assets of $5,400, net fixed assets of $23,700, current liabilities of $4,700, and longterm debt of $11,500. (Do not round intermediate calculations.) What is the value of the shareholders' equity account for this firm?
Shelton, Inc., has sales of $389,000, costs of $177,000, depreciation expense of $42,000, interest expense of $23,000, and a tax rate of 35 percent. (Do not round intermediate calculations.) What is the net income for the firm?
During the year, the Senbet Discount Tire Company had gross sales of $1.19 million. The firm’s cost of goods sold and selling expenses were $538,000 and $228,000, respectively. The firm also had notes payable of $930,000. These notes carried an interest rate of 7 percent. Depreciation was $143,000. The firm’s tax rate was 40 percent
Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent):
Al's Sport Store has sales of $2,740, costs of goods sold of $2,050, inventory of $510, and accounts receivable of $430. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?
The receivables turnover ratio is measured as:
Ratios that measure a firm's ability to pay its bills over the short run without undue stress are known as:
The higher the inventory turnover, the:
The debt-equity ratio is measured as:
The total asset turnover ratio measures the amount of:
Jessica's Boutique has cash of $47, accounts receivable of $56, accounts payable of $220, and inventory of $170. What is the value of the quick ratio?
If a firm produces a return on assets of 15 percent and also a return on equity of 15 percent, then the firm:
Which statement expresses all accounts as a percentage of total assets?
A firm has a total debt ratio of .47. This means the firm has 47 cents in debt for every:
The current ratio is measured as:
A firm has a debt-equity ratio of .39. What is the total debt ratio?
The inventory turnover ratio is measured as:
If Wilkinson, Inc., has an equity multiplier of 1.51, total asset turnover of 1.3, and a profit margin of 6.1 percent, what is its ROE?
The financial ratio measured as net income divided by sales is known as the firm's:
The financial ratio that measures the accounting profit per dollar of book equity is referred to as the:
Puffy's Pastries generates five cents of net income for every $1 in equity. Thus, Puffy's has _______ of 5 percent.
If stockholders want to know how much profit the firm is making on their entire investment in that firm, the stockholders should refer to the
The most effective method of directly evaluating the financial performance of a firm is to compare the financial ratios of the firm to:
Which one of these equations is an accurate expression of the balance sheet?
The financial statement summarizing a firm's accounting performance over a period of time is the: