Business, 05.03.2021 22:40 danidavis2002
Lloyd Inc. has sales of $450,000, a net income of $36,000, and the following balance sheet:Cash$148,770 Accounts payable$117,450Receivables244,035 Notes payable to bank71,775Inventories613,350 Total current liabilities$189,225Total current assets$1,006,155 Long-term debt207,495Net fixed assets298,845 Common equity908,280Total assets$1,305,000 Total liabilities and equity$1,305,000The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry average, 2.5x, without affecting sales or net income. If inventories are sold and not replaced (thus reducing the current ratio to 2.5x); if the funds generated are used to reduce common equity (stock can be repurchased at book value); and if no other changes occur, by how much will the ROE change? Do not round intermediate calculations. Round your answer to two decimal places. What will be the firm's new quick ratio? Do not round intermediate calculations. Round your answer to two decimal places.
Answers: 1
Business, 21.06.2019 15:00
As part of a hiring process, codex marketing company conducts an internet search to discover what a job candidate has posted. to codex, this act should present
Answers: 2
Business, 21.06.2019 15:10
Gideon company uses the allowance method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,200 uncollectible account of its customer, a. hopkins. on july 10, gideon received a check for the full amount of $2,200 from hopkins. the entry or entries gideon makes to record the write off of the account on may 3 is:
Answers: 3
Business, 22.06.2019 00:30
Which statement is true about the elements of the interface of a presentation program? a. the status bar appears at the top of the page and displays options to style your slides. b. the tool bar displays the thumbnails of your presentation slides in the order they will appear in the presentation. c. rulers indicate the margins, tabs, and indents in a presentation slide. d. the document area provides a list of commands to create, format, and edit presentations.
Answers: 3
Business, 22.06.2019 05:50
Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:
Answers: 2
Lloyd Inc. has sales of $450,000, a net income of $36,000, and the following balance sheet:Cash$148,...
Mathematics, 05.11.2020 20:50
English, 05.11.2020 20:50
English, 05.11.2020 20:50
Mathematics, 05.11.2020 20:50
Mathematics, 05.11.2020 20:50
Mathematics, 05.11.2020 20:50
Social Studies, 05.11.2020 20:50
English, 05.11.2020 20:50
Chemistry, 05.11.2020 20:50
Mathematics, 05.11.2020 20:50
History, 05.11.2020 20:50
Social Studies, 05.11.2020 20:50
Mathematics, 05.11.2020 20:50
History, 05.11.2020 20:50
Mathematics, 05.11.2020 20:50