XYZ Company Balance Sheet as of December 31, 20X7 & 20X8. ASSETS Current assets: Cash Accounts receivable Inventory Prepaid insurance Property & equipment Total assets $10,000 $12,000 20,000 25,000 16,000 24,000 4,000 3,000 50,000 64,000 76,000 84,000 $126,000 $148,000 LIABILITIES AND STOCK HOLDERS EQUITY: Current liabilities:accounts payable other payables long term notes payable Total liabilities $15,000 $17,000 3,000 7,000 18,000 24,000 35,000 40,000 53,000 64,000 Stockholder's equity Capital stock, 2,400 shares outstanding 24,000 24,000 Retained earnings 49,000 60,000 73,000 84,000 total liabilities and stockholders equity $126,000 $148,000 XYZ Company Income Statement for the years ended December 31, 20X7 & 20X8. 20X7 20X8 Sales revenues $200,000 $250,000 Cost of goods sold 120,000 140,000 80,000 110,000 Selling and admin. expenses 40,000 65,000 40,000 65,000 Income tax expense 15,000 25,000 Net income $25,000 $40,000.
Dividends paid in 20X8 amounted to $29,000. Calculate the 12/31/X8 current ratio (round to
nearest tenth).
1. Calculate the 12/31/X8 current ratio (round to nearest tenth).
A. 1.5
B. 2.7
C. 2.5
D. .5
E. none of the above
2. Calculate the 20X8 accounts receivable turnover assuming all sales during the year are made on account (round to the nearest tenth).
A. 8.9
B. 10.0
C. 11.1
D. 12.5
E. none of the above
3. Calculate the 20X8 average number of days of inventory on hand (round to the nearest tenth of a day).
A. 7.0
B. 52.1
C. 56.2
D. 62.6
4. Calculate the 20X8 EPS (round to nearest penny).
A. $25.00
B. $10.42
C. $4.58
D. $16.67
E. none of the above
5. Calculate the % increase in accounts receivable during the year ended 20X8.
A. 10%
B. 20%
C. 50%
D. 125%
E. none of the above

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken

Which of the following would not be listed under cash outflows in a financial plan?

Part three of three how are exchange rates determined in a flexible exchange rate system? us dollar compared to the pound inflation and deflation us dollar compared to the euro supply and demand read the statement. country a is running a trade deficit. what must country a do to reverse this trend? it must hire more workers to increase products for export. it must continue the course it is currently following. it must print more money so people will spend more. it must increase trade exports with other countries. what are consequences of a weak dollar? (select all that apply.) increase in the cost of exports unemployment in import industries increase in the cost of imports unemployment in export industries which is an example of regional cooperation to promote economic growth? neighboring countries negotiate tariffs and duties regarding trade. neighboring countries sign a pact to limit immigration into their countries. neighboring countries remain separate but work together to promote peace. neighboring countries set up quotas on resources that can be sold. why would wealthy nations have an interest in the development of poor nations? (select all that apply.) it opens up new markets for goods and services. it leads to migration between the countries. they want to improve tariff revenues with imports. they feel an ethical or moral obligation to do so. how can the world bank developing nations economically? it can work to remove serious health problems so resources can shift to economic growth. it can provide loans to developing countries to build new infrastructures. it can protect and negotiate free trade deals between neighboring nations. it can sell medical drugs and other treatments to clinics at a very low cost, saving the patients money. which is a characteristic of the takeoff stage of rostow's five stages of economic growth? the population as a whole has its basic needs met and enjoys a high standard of living focused on consumer goods. advancements in technology require a skilled labor force competent in electronics, medicine, and engineering. a country begins to grow rapidly and new industries start to emerge that drive further economic development. the labor of a country is unskilled and focuses on agricultural production, animal husbandry, and the harvesting of timber. how can a developing nation improve its economy if it lacks natural resources? it can default on loans owed to foreign banks. it can place high tariffs on all of its imports. it can engage in international trade. it can flood foreign exchange markets with its currency. how might developing countries obtain funding? (select all that apply.) they can obtain financial assistance from world bank. they can attain microloans from neighboring countries. they can gain loans from private investors. they can acquire grants from foreign countries. what reasons do protectionists cite most for restricting trade? (select all that apply.) to protect national security and prohibit us reliance on other countries to protect us taxpayers from increased income and corporate tax rates to protect us infant industries that tend to have high production costs to protect us jobs due to cheap labor in other countries