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A firm, which is currently operating at full

capacity, has sales of $2,000, current assets of


$600, current liabilities of $300, net fixed assets
of $1,500, and a 5 percent profit margin. The firm
has no long-term debt and does not plan on
acquiring any. The firm does not pay any
dividends. Sales are expected to increase by 10
percent next year. If all assets, liabilities and costs
vary directly with sales, how much additional
equity financing is required for next year?

(1+6)(2-3+4-1*5)-(2-3+4)

Roy and Flos Flowers has $1,300 of sales and


$1,755 of total assets. The firm is operating at 80
percent of capacity. What is the capital intensity
ratio at full capacity?

2/(1/3)

The Green Giant has a 5 percent profit margin and


a 40 percent dividend payout ratio. The total asset
turnover is 1.40 and the equity multiplier is 1.50.
What is the sustainable rate of growth?

(1 * 3 * 4 * (1 - 2) / (1 - (1 * 3 * 4 * (1 - 2))

Neals Nails has an 11 percent return on assets and


a 30 percent dividend payout ratio. What is the
internal growth rate?

[1*(1-2)]/[(1-(1*(1-2)]

A firm generates net income of $530. The


depreciation expense is $60 and dividends paid
are $80. Accounts payable decrease by $40,
accounts receivable decrease by $30, inventory
increases by $20, and net fixed assets decrease by
$40. What is the net cash from operating activity?

1 + 2 - 4 +5 - 6

A firm has sales of $1,500, net income of $100,


total assets of $1,000, and total equity of $700.
Interest expense is $50. What is the common-size
statement value of the interest expense?

5/1

Sing Lees has accounts payable of $300,


inventory of $250, cash of $50, fixed assets of
$500, accounts receivable of $200, and long-term
debt of $400. What is the value of the net working
capital to total assets ratio?

(-1+2+3+5) / (2+3+4+5)

Lee Suns has sales of $3,000, total assets of


$2,500, and a profit margin of 5 percent. The firm
has a total debt ratio of 40 percent. What is the
return on equity?

(3 * 1) / (2 * (1 - 4))

A firm has a return on equity of 15 percent. The


debt-equity ratio is 50 percent. The total asset
turnover is 1.25 and the profit margin is 8 percent.
The total equity is $3,200. What is the amount of
the net income?

1*5

A firm has 5,000 shares of stock outstanding, sales


of $6,000, net income of $800, a price-earnings
ratio of 10, and a book value per share of $.50.
What is the market-to-book ratio?

( (3/1) * 4 ) / 5

A firm has net working capital of $400, net fixed


assets of $2,400, sales of $6,000, and current
liabilities of $800. How many dollars worth of
sales are generated from every $1 in total assets?

3/(1+2+4)

A firm has sales of $3,600, costs of $2,800,


interest paid of $100, and depreciation of $400.
The tax rate is 34 percent. What is the value of the
cash coverage ratio?

(1-2)/3

A firm has total debt of $1,200 and a debt-equity


ratio of .30. What is the value of the total assets?

1/2 + 1

A firm has a debt-equity ratio of .40. What is the


total debt ratio?

0.40=40$ (total debt)


so, total equity is 100$, total assets are 140$
total debt/total assets = 40/140=0,29

A firm has total assets of $2,640 and net fixed


assets of $1,500. The average daily operating
costs are $170. What is the value of the interval
measure?

(1-2)/3

A firm has sales of $1,200, net income of $200,


net fixed assets of $500, and current assets of
$300. The firm has $100 in inventory. What is the
common-size statement value of inventory?

5/(3+4)

A firm has a plowback ratio of 80 percent and a


sustainable growth rate of 7.759 percent. The
capital intensity ratio is 1.2 and the debt-equity
ratio is .5. What is the profit margin?
A firm has current sales of $940,000 and is
operating at 76 percent of its fixed asset capacity.
How fast can the firm grow before any new fixed
assets are needed?
A firm wants a sustainable growth rate of 2.68
percent while maintaining a 40 percent dividend
payout ratio and a 6 percent profit margin. The
firm has a capital intensity ratio of 2. What is the
debt-equity ratio that is required to achieve the

(2 * 3) / [ (1 + 1*2) * (1 + 4) ]

((1/2) - 1)/1

(4 * 1) / [(1 - 2) * (1 + 1) * 3] - 1

firms desired rate of growth?

A firm wants to maintain a growth rate of 8


percent without incurring any additional equity
financing. The firm maintains a constant debtequity ratio of .5, a total asset turnover ratio of .
83, and a profit margin of 8 percent. What must
the retention ratio be?
Samuelsons has a debt-equity ratio of 40 percent,
sales of $8,000, net income of $600, and total debt
of $2,400. What is the return on equity?

1 / [(1 + 1) * (1 + 2) * 3 * 4]

3 / (4 / 1)

Fredericos has a profit margin of 6 percent, a


return on assets of 8 percent, and an equity
multiplier of 1.4. What is the return on equity?

2*3

Pattis has net income of $1,800, a price-earnings


ratio of 12, and earnings per share of $1.20. How
many shares of stock are outstanding?

1/3

Rositas Restaurante has sales of $4,500, total debt


of $1,300, total equity of $2,400, and a profit
margin of 5 percent. What is the return on assets?

(4 * 1) / * (2 + 3)

Fredas, Inc. has sales of $3,200, current liabilities


of $900, total assets of $3,000, and net working
capital of $500. How many dollars worth of sales
are generated from every $1 in net fixed assets?

1 / (2 + 4)

Syeds Industries has accounts receivable of $700,


inventory of $1,200, sales of $4,200, and cost of
goods sold of $3,400. How long does it take
Syeds to both sell their inventory and then collect
the payment on the sale?

(365 * 1) / 3 + (365 * 2) / 4

Marios Home Systems has sales of $2,800, costs


of goods sold of $2,100, inventory of $500, and
accounts receivable of $400. How many days, on
average, does it take Marios to sell their
inventory?

365 / (2 / 3)

Rositas Resources paid $250 in interest and $130


in dividends last year. The times interest earned
ratio is 3.8 and the depreciation expense is $60.
What is the value of the cash coverage ratio?

(3 * 1 + 4) / 1

Jessicas Boutique has cash of $50, accounts


receivable of $60, accounts payable of $200, and
inventory of $150. What is the value of the quick
ratio?

(1+2)/3

Katelyns Kites has net income of $240 and total


equity of $2,000. The debt-equity ratio is 1.0 and
the plowback ratio is 40 percent. What is the
internal growth rate?

[1/(2*(1+3))*4] / [1 - ((1/(2*(1+3))*4)]

Guidos Garden Supplies has sales of $180,000,


net income of $14,400, total assets of $280,000,
total equity of $200,000, and paid $5,760 in
dividends. The firm maintains a constant dividend
payout ratio. The firm is currently operating at full
capacity. All costs and assets vary directly with
sales. The firm does not want to obtain any
additional external equity. At the sustainable rate
of growth, how much new total debt must the firm
acquire?
Ernies Electrical has a capital intensity ratio of
1.20 at full capacity. Currently, total assets are
$2,880 and current sales are $2,300. At what level
of capacity is the firm currently operating?

3/(2/1)

Kurts Adventures is operating at full capacity


with a sales level of $1,200 and fixed assets of
$900. What is the required addition to fixed assets
if sales are to increase by 20 percent?

2*3

Rosies currently has $1,200 in sales and is


operating at 72 percent of the firms capacity.
What is the full capacity level of sales?

1/2

Joses Boxed Goods expects sales of $1,800 next


year. The profit margin is 6 percent and the firm
has a 40 percent dividend payout ratio. What is the
projected increase in retained earnings?

1 * 2 * (1 - 3)

Bakers Dozen has current sales of $1,400 and a


profit margin of 7 percent. The firm estimates that
sales will increase by 8 percent next year and that
all costs will vary in direct relationship to sales.
What is the pro forma net income?

1 * 2 * (1 + 3)

Jupiter Explorers has $6,400 in sales. The profit


margin is 4 percent. There are 6,400 shares of
stock outstanding. The market price per share is
$1.20. What is the price-earnings ratio?

4 / ((2 * 1) / 1)

Last year, which is used as the base year, a firm


had cash of $60, accounts receivable of $100,
inventory of $200, and fixed assets of $500. This
year the firm has cash of $50, accounts receivable
of $150, inventory of $250, and fixed assets of
$550. What is the common-base year value of
accounts receivable?

6/1

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