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Soaring Eagles Corp. has total current assets of $11,524,000…. – RoyalCustomEssays

Soaring Eagles Corp. has total current assets of $11,524,000….

SMC Business Law Sec 1059 Week 4 Chp. 9 Quiz (2015)
September 26, 2018
The Vang Hotel opened for business on May 1, 2012. Here is its trial balance before…
September 26, 2018

Question 1Soaring Eagles Corp. has total current assetsof $11,524,000, current liabilities of $5,696,000 and a quick ratio of 0.84.What is its level of inventory?Question 2 Boulder Mountain Ski Company has total assets of $401,300,000 and a debt ratio of 0.26. Calculate the company’s debt-to-equity ratio.Question 3 The Timber Ridge Company has the following relationships:Sales/Total assets = 3.72; ROA = 0.1050What is Timber Ridge’s net profit margin?Question 4 Sawaya Company had depreciation and amortization expenses of $522,311, interest expenses of $114,077, and an EBITDA of $1,521,087 for the year ended June 30, 2010. What is the Times Interest Earned for this company?Question 4 options:13.3 times8.8 times.6 timesNone of the aboveQuestion 5Archware Systems has total assets of $35.594billion, total debt of $9.678 billion, and net sales of $22.400 billion. Theirnet profit margin for the year was 0.21, while the operating profitmargin was 30 percent. What is Archware’s net income? (Answer needs to be stated in billions. For example: 2.83)Quetion 6Which one of the following statements is NOT true?DSO measures in days, the time the firm takes to convert its receivables into cash.One ratio that measures the efficiency of a firm’s collection policy is days’ sales outstanding.The accounts receivables turnover ratio measures how quickly the firm collects on its credit sales.The more days that it takes the firm to collect on its receivables, the more efficient the firm is.Question 7Blue Air Inc., has net sales of $769,000 and accounts receivables of $163,000. What are the firm’s accounts receivables turnover?Question 8JP Vineyards has sales of $869,000, a gross profit margin of 0.326, and inventory of $177,000. What is the company’s inventory turnover ratio?

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