Finance > QUESTIONS & ANSWERS > Pace University - FIN 260chapter 3 practice exercises (All)
Pace University - FIN 260chapter 3 practice exercises
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1. Calculating Liquidity Ratios [ LO2] SDJ, Inc., has net working capital of $1,370, current liabilities of $3,720, and inventory of $1,950. What is the current ratio? What is the quick ratio? U 2 ... . Calculating Profi tability Ratios [LO2] Wakers, Inc., has sales of $29 million, total assets of $17.5 million, and total debt of $6.3 million. If the profi t margin is 8 percent, what is net income? What is ROA? What is ROE? 3. Calculating the Average Collection Period [LO2] Ortiz Lumber Yard has a current accounts receivable balance of $431,287. Credit sales for the year just ended were $3,943,709. What is the receivables turnover? The days’ sales in receivables? How long did it take on average for credit customers to pay off their accounts during the past year? [Show More]
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