Finance

Question 1 (Worth 2 points) introduce 4-1 (The following selective information apply to the problem(s) below.) The balance sheet and income statement shown below atomic number 18 for Pettijohn Inc. Note that the firm has no amortization charges, it does not necessitate any assets, none of its debt must be retired during the next 5 classs, and the notes collectable will be turn over. Balance piece of paper (Millions of $) Assets2007 Cash and securities$ 1,554.0 Accounts receivable9,660.0 Inventories13,440.0 Total oc menstruation assets$24,654.0 boodle kit and boodle and equipment17,346.0 Total assets$42,000.0 Liabilities and Equity Accounts payable$ 7,980.0 Notes payable5,880.0 Accruals4,620.0 Total authoritative liabilities$18,480.0 Long-term bonds10,920.0 Total debt$29,400.0 Common stock3,360.0 retained clams9,240.0 Total common equity$12,600.0 Total liabilities and equity$42,000.0 Income bruit (Millions of $)2007 Net gross revenue$5 8,800.0 Operating costs except deprn$54,978.0 derogation$ 1,029.0 Earnings bef int and taxes (EBIT)$ 2,793.0 Less interest1,050.0 Earnings before taxes (EBT)$ 1,743.0 Taxes$ 610.1 Net income$ 1,133.0 some other data: Shares outstanding (millions)175.00 Common dividends$509.83 Int measure on notes payable & L-T bonds6.

25% Federal plus state income tax rate35% closing stock price$77.69 Refer to Exhibit 4-1. What is the firms days sales outstanding? Assume a 360-day year for this calculation. 48.17 50.71 53.38 56.19 59.14 This is a proper answer Question Information: DSO = Accounts receivable/(Sales/36 0) = 59.14 Points earned on this question:! 2 ________________________________________ Question 2 (Worth 2 points) Amram Companys current ratio is 1.9. Considered alone, which of the following actions would let down the companys current ratio? seize on using short-term notes payable and drill the restitution to reduce accruals. Borrow using short-term notes payable and use the proceeds to reduce long-term debt....If you want to sire a panoptic essay, order it on our website: BestEssayCheap.com

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