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Round 20
#4Homework #1C (Operating Cycle and Cash Conversion Cycle ratios)
Canadian Bacon Inc. financial statements are presented in the table below.
Based on the information in the table, and using a 365-day year, calculate cash conversion cycle
Round the answers to two decimal places
Balance Sheet December 31, 2015
|
Cash and marketable securities |
$187,000 |
Accounts payable |
$217,000 |
|
Accounts receivable |
$498,000 |
Notes payable |
$51,500 |
|
Inventories |
$799,000 |
Accrued expenses |
$58,300 |
|
Prepaid expenses |
$19,300 |
Total current liabilities |
$326,800 |
|
Total current assets |
$1,503,300 |
Long-term debt |
$215,400 |
|
Gross fixed assets |
$1,978,000 |
Par value and paid-in-capital |
$128,000 |
|
Less: accumulated depreciation |
$478,000 |
Retained Earnings |
$2,333,100 |
|
Net fixed assets |
$1,500,000 |
Common Equity |
2,461,100 |
|
Total assets |
$3,003,300 |
Total liabilities and owner’s equity |
$3,003,300 |
Income Statement, Year of 2015
|
Net sales (all credit) |
$5,386,600.00 |
|
Less: Cost of goods sold |
$3,716,754.00 |
|
Selling and administrative expenses |
$329,000.00 |
|
Depreciation expense |
$138,000.00 |
|
EBIT |
$1,202,846.00 |
|
Interest expense |
$39,600.00 |
|
Earnings before taxes |
$1,163,246.00 |
|
Income taxes |
$465,298.40 |
|
Net income |
$697,947.60 |
Your Answer:
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#5Homework #5E (HPR, Annualized holding period return, Effective annual rate on investment)
Tom purchased 100 shares of Dalia Co. stock at a price of $121.49 four months ago. He sold all stocks today for $124.60. During the year the stock paid dividends of $5.48 per share. What is Tom’s effective annual rate?
Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)
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