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Hi, i have a homework and the deadline is tomorrow I will appreciate your quick response see file attached Thank's Document Preview: 1. For the year ending June 30, 2008, the New Corporation has current assets of $275,000 and total assets of $900,000. It also has current liabilities of $100,000, equity of $200,000, and retained earnings of $300,000. The marginal tax rate for the firm is 30%. How much long-term debt does the firm have? a) $400,000 b) $300,000 c) $325,000 d) $425,000 2. BlueChip Inc., a large manufacturer of potato chips based in Boise, Idaho has Plant and equipment with a current market value of $700 million, a cash balance of $300 million, accounts receivables of $50 million, accounts and short term notes payable worth $75 million, long term debt worth $150 million, an inventory with a market value of $60 million, accrued taxes worth $70 million and 10,000,000 shares outstanding. Assuming that all its assets and liabilities are marked to market value, and that there are no other items on its balance sheet, what was BlueChip's share price at the time the balance sheet was prepared? a. $95.5 b. $81.5 c. $21.5 d. The share price cannot be determined with this information check my answer 3. The Endicott Co. has net income of $72,700, total assets of $285,000, total equity of $196,000, and total sales of $523,200. What is the common-size percentage for the net income? a. 9.00 percent b.13.90 percent check my answer c. 15.11 percent d. 25.51 percent e. 37.09 percent 4. A high days sales outstanding may indicate: a. Management?s willingness to quickly write-off questionable receivables b. Customers are paying for purchases quickly c. A strict collection policy d. The company uses FIFO. e. None of the above check my answer 5. Jennings Co. has earnings after interest but before taxes of $3000. The company?s times interest earned ratio is 7.00. Calculate the company?s interest charges. a. $425.86 b. $500.00 c. $400.00 d. $600.00 e. $578.93 6. Hillman Inc. has the following relationships: Sales/Total assets 2 Return on assets (ROA) 5.0% Return on equity... Attachments: Homework-1-Fi....docx
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