答案和详解如下： 31.An analyst has gathered the following information about a company: Balance Sheet | Assets |
|
| Cash | 100 |
| Accounts Receivable | 750 |
| Marketable Securities | 300 |
| Inventory | 850 |
| Property, Plant & Equip | 900 |
| Accumulated Depreciation | (150) | Total Assets | 2750 |
|
| Liabilities and Equity |
|
| Accounts Payable | 300 |
| Short-Term Debt | 130 |
| Long-Term Debt | 700 |
| Common Stock | 1000 |
| Retained Earnings | 620 | Total Liab. and Stockholder's equity | 2750 |
|
| Income Statement | Sales | 1500 | COGS | 1100 | Gross Profit | 400 | SG&A | 150 | Operating Profit | 250 | Interest Expense | 25 | Taxes | 75 | Net Income | 150 |
What is the receivables turnover ratio? A) 2.0. B) 1.0. C) 1.5. D) 0.5. The correct answer was A) Receivables turnover = 1,500(sales)/ 750(receivables) = 2.0
32.An analyst has gathered the following information about a company: Balance Sheet | Assets |
|
| Cash | 100 |
| Accounts Receivable | 750 |
| Marketable Securities | 300 |
| Inventory | 850 |
| Property, Plant & Equip | 900 |
| Accumulated Depreciation | (150) | Total Assets | 2750 |
|
| Liabilities and Equity |
|
| Accounts Payable | 300 |
| Short-Term Debt | 130 |
| Long-Term Debt | 700 |
| Common Stock | 1000 |
| Retained Earnings | 620 | Total Liab. and Stockholder's equity | 2750 |
|
| Income Statement | Sales | 1500 | COGS | 1100 | Gross Profit | 400 | SG&A | 150 | Operating Profit | 250 | Interest Expense | 25 | Taxes | 75 | Net Income | 150 |
Determine the current ratio and the cash ratio.
A) 2.67 1.07 B) 3.95 2.14 C) 4.65 0.93 D) 1.98 1.86 The correct answer was C) Current ratio = [100(cash) + 750(accounts receivable)+ 300(marketable securities) + 850(inventory) ]/[300(AP) + 130(short term debt)] = 2000/430 = 4.65 Cash ratio = [100(cash) + 300(marketable securities)]/[300(AP) + 130(short term debt)] = 400/430 = 0.93 | 
发表于 2008-5-7 14:15
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