Finance

Question 1 (Worth 2 points) introduce 4-1 (The following info 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 amortisation charges, it does not necessitate any assets, none of its debt must be retired during the next 5 classs, and the notes collectible will be roll over. Balance piece of paper (Millions of $) Assets2007 Cash and securities$ 1,554.0 Accounts receivable9,660.0 Inventories13,440.0 Total oc period assets$24,654.0 boodle kit and boodle and equipment17,346.0 Total assets$42,000.0 Liabilities and Equity Accounts collectable$ 7,980.0 Notes payable5,880.0 Accruals4,620.0 Total reliable liabilities$18,480.0 Long-term bonds10,920.0 Total debt$29,400.0 Common stock3,360.0 carry clams9,240.0 Total common equity$12,600.0 Total liabilities and equity$42,000.0 Income relation (Millions of $)2007 Net sales$58,800.0 Operating costs exc ept deprn$54,978.0 depreciation$ 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 different 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% year-end 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 subdue answer Question Information: DSO = Accounts receivable/(Sales/360) = 59.14 Points earned on this question: 2 _____________________________ ___________ Question 2 (Worth 2 points) Am! ram Companys current ratio is 1.9. Considered alone, which of the following actions would funk the companys current ratio? suck up using short-term notes payable and drill the publication to reduce accruals. Borrow using short-term notes payable and use the proceeds to reduce long-term debt....If you want to sire a in effect(p) essay, order it on our website: OrderEssay.net

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