答案和详解如下： 28.An analyst has gathered the following information about a firm: §
Quick ratio of 0.25 §
Cash ratio of 0.20 §
$2 million in marketable securities §
$10 million in cash What is their receivables balance? A) 3 million. B) 5 million. C) 2 million. D) 1 million. The correct answer was A) Cash ratio = (cash + marketable securities)/current liabilities 0.20 = ($10,000,000 + $2,000,000)/current liabilities current liabilities = $12,000,000/0.2 = $60,000,000 Quick ratio = [cash + marketable securities + receivables]/$60,000,000 0.25 = [$10,000,000 + $2,000,000 + receivables]/$60,000,000 ($60,000,000)(0.25) = $12,000,000 + receivables $15,000,000 = $12,000,000 + receivables $15,000,000 - $12,000,000 = receivables $3,000,000 = receivables
29.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 inventory turnover ratio? A) 1.29. B) 0.77. C) 1.59. D) 0.63. The correct answer was A) Inventory turnover = 1,100(COGS)/850(inventory) = 1.29
30.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 collection period? A) 183. B) 365. C) 243. D) 730. The correct answer was A) Receivables turnover = 1,500(sales)/ 750(receivables) = 2.0 Average receivables collection period = 365/2 = 182.5 or 183 | 
发表于 2008-5-7 14:09
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