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Acc – y3k, inc., has sales of $6,339, total assets of $2,955

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Posted on 
December 15th, 2022
Home Homework Help Acc - y3k, inc., has sales of $6,339, total assets of $2,955

1. Y3K, Inc., has sales of $6,339, total assets of $2,955, and a debt–equity ratio of 1.50. If its return on equity is 12 percent, what is its net income? (Do not round intermediate calculation and round your final answer to 2 decimal places. (e.g., 32.16))

Net income:$

2. Boom Lay Corp. has a current accounts receivable balance of $336,500. Credit sales for the year just ended were $4,515,830.
What is the receivables turnover? (Round your answer to 2 decimal places. (e.g., 32.16))
Receivables turnover times

What is the days’ sales in receivables? (Use 365 days a year. Round your answer to 2 decimal places. (e.g., 32.16))

Sales in receivables days
How long did it take on average for credit customers to pay off their accounts during the past year? (Use 365 days a year. Round your answer to 2 decimal places. (e.g., 32.16))
Average collection period days

3. That Wich Corp. had additions to retained earnings for the year just ended of $174,000. The firm paid out $190,000 in cash dividends, and it has ending total equity of $4.95 million. The company currently has 140,000 shares of common stock outstanding.

What are earnings per share? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Earnings $ per share

What are dividends per share? (Round your answer to 2 decimal places. (e.g., 32.16))

Dividends $ per share

What is the book value per share? (Round your answer to 2 decimal places. (e.g., 32.16))

Book value $ per share

If the stock currently sells for $86 per share, what is the market-to-book ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Market-to-book ratio times

What is the price–earnings ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Price–earnings ratio times

If the company had sales of $4.69 million, what is the price–sales ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Price–sales ratio times

4. If Roten Rooters, Inc., has an equity multiplier of 1.52, total asset turnover of 1.20, and a profit margin of 6.2 percent, what is its ROE? (Round your answer to 2 decimal places. (e.g., 32.16))

ROE %

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