value 1.00 points 6. What is the book value per share at the end of this year? (
ID: 2582187 • Letter: V
Question
value 1.00 points 6. What is the book value per share at the end of this year? (Round your answer to 2 decimal places.) e per share References eBook &Resources; Worksheet Leaming Objective: 13-03 Compute and interpret financial Leaning ratios that managers use for asset management purposes. Difficulty: 2 Medium Learning Objective: 13-04 Compute and interpret financial ratios that managers use for debt management purposes Leaming Objective 13-05 Compute and interpret tinancial Learning Objective: 13-02 Compute and interpret financial ratios that managers use to ratios that managers use to assess proftitability assess liquidity. 1.00 points 7 What is the amount of working capital and the current ratio at the end of this year? (Round "Current ratio" to 2 decilmal places.) Working capital Current ratioExplanation / Answer
6) Book value per share = Total shareholder's equity/Share outstanding
= 650000/172000
Book value per share = 3.78 per share
7) Working capital = Current assets-Current liabilities
= 226800-90000
Working capital = 136800
Current ratio = Current assets/current liabilities
= 226800/90000
Current ratio = 2.52;1
8) Acid test ratio = (cash+account receivable)/Current liabilties
= (51000+98000)/90000
Acid test ratio = 1.65;1
9) Account receivable turnover = Credit sales/Average receivable
= 1160000/84000
Account receivable turnover = 13.81
Average collection period = 365/account receivable turnover
= 365/13.81
Average collection period = 26.43 days
10) Inventory turnover = Cost of goods sold/average inventory
= 672800/87900
Inventory turnover = 7.65
Average sale period = 365/inventory turnover
= 365/7.65
Average sale period = 47.71 days
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.