Billings Incorporated has net income of $161,000, a net profit margin of 7.6 percent, and an accounts receivable balance of $127,100. Assume that 66 percent of sales are on credit. What is the days’ sales in receivables?
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The price-sales ratio is especially useful when analyzing fi…
The price-sales ratio is especially useful when analyzing firms that have:
Fifth Fourth National Bank has a savings program which will…
Fifth Fourth National Bank has a savings program which will guarantee you $16,000 in 14 years if you deposit $75 per month. What APR is the bank offering you on this savings plan?
CDB stock is currently priced at $77. The company will pay a…
CDB stock is currently priced at $77. The company will pay a dividend of $5.37 next year and investors require a return of 11.8 percent on similar stocks. What is the dividend growth rate on this stock?
The bond market requires a return of 6.2 percent on the 15-y…
The bond market requires a return of 6.2 percent on the 15-year bonds issued by Mingwei Manufacturing. The 6.2 percent is referred to as the:
Mo will receive aperpetuity of $26,000 per year forever, whi…
Mo will receive aperpetuity of $26,000 per year forever, while Curly will receive the same annual payment for the next 35 years. If the interest rate is 7 percent, how much more are Mo’s payments worth?
Lola Corporation has shareholders’ equity of $130,350. The c…
Lola Corporation has shareholders’ equity of $130,350. The company has a total debt of $122,325, of which21 percent is payable in the next 12 months. The company also has net fixed assets of $168,435. What is the company’s net working capital?
Assume you own two coins, each of which is valued at $100 to…
Assume you own two coins, each of which is valued at $100 today. One coin is expected to appreciate by 5.2 percent annually while the other coin should appreciate by 5.7 percent annually. What will be the difference in the value of the two coins 50 years from now?
Adison Winery had beginning long-term debt of $40,701 and en…
Adison Winery had beginning long-term debt of $40,701 and ending long-term debt of $46,130. The beginning and ending total debt balances were $50,365 and $55,508, respectively. The company paid interest of $4,417 during the year. What was the company’s cash flow to creditors?
You are in talks to settle a potential lawsuit. The defendan…
You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $26,000, $30,500, $62,000, and $93,000 to you each year over the next four years, respectively. All payments will be made at the end of the year. If the appropriate interest rate is 4.8 percent, what is the value of the settlement offer today?