Business, 05.06.2020 11:57 Nelly745

Use the following information to calculate the ratios listed below: Total Assets 650,000 Total Liabilities 300,000 Current Assets 60,000 Current Liabilities 20,000 Net Income 70,000 Shares Outstanding 12,000 Accounts Receivable 55,000 Sales 439,000 Inventory 25,000 Dividends 10,000 Quick Ratio:
Earnings Per Share:
Return on Assets:
Debt/Equity Ratio:
Days Sales in Receivables:

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Answer from: nessross1018

a. Quick Ratio = 1.75

b. Earnings Per Share = $5 per share

c. Return on Assets = 10.77%

d. Debt/Equity Ratio = 85.71%

e. Days Sales in Receivables = 46 days

Explanation:

a. Quick Ratio

Quick Ratio = (Current Assets - inventory) / Current Liabilities = (60,000 - 25,000) / 20,000 = 35,000 / 20,000 = 1.75

b. Earnings Per Share

Earnings Per Share = (Net Income - Dividends) / Shares Outstanding = (70,000 - 10,000) / 12,000 = 60,000 / 12,000 = $5 per share

c. Return on Assets

Return on Assets = Net Income / Total Assets = 70,000 / 650,000 = 0.1077, or 10.77%.

d. Debt/Equity Ratio

Shareholder equity = Total Assets - Total Liabilities = 650,000 - 300,000 = 350,000

Debt/Equity Ratio = Total liabilities / Shareholder equity = 300,000 / 350,000 = 0.8571, or 85.71%.

e. Days Sales in Receivables

Days Sales in Receivables = (Accounts Receivable / Sales) * 365 = (55,000 / 439,000) * 365 = 46 days.

Answer from: Quest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

Answer from: Quest

it's d. out with the planting and harvest of the crops.

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