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.

29.An analyst has gathered the following information about a company:

What is the inventory turnover ratio?

A)   1.29.

B)   0.77.

C)   1.59.

D)   0.63.

30.An analyst has gathered the following information about a company:

What is the receivables collection period?

A)   183.

B)   365.

C)   243.

D)   730.

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