Benkart Corporation has sales of $5,000,000,
14.Benkart Corporation has sales of $5,000,000, net income of $800,000, total assets of $2,000,000, and $100,000 shares of common stock outstanding. If Benkart’s P/E ratio is 12, what is the company’s current stock price?
15. Given an accounts receivable turnover of 10 and annual credit sales of $900,000, the average collection period is?
16.RBW corp has cash of $48,000; short – term notes payable of $35,000, accounts payable of $100,000; accounts payable of $120,000;inventories of $200,000; and accruals of $90,000. What is RBW’s current ratio?
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