Use the following to answer questions 1-10: SHOW YOUR WORK!!!!!
|MEGAFRAME COMPUTER COMPANY
As of December 31, 2003
|New Plant and Equipment||220,000|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|Accounts Payable||$ 60,000|
|Total Liabilities and Stockholders’ Equity||$410,000
|MEGAFRAME COMPUTER COMPANY
For the Year Ended December 31, 2003
|Sales (all on credit)||$720,000|
|Cost of Goods Sold||500,000|
|Sales and Administrative Expense||20,000|
|Profit before Taxes||144,000|
******SHOW YOUR WORK*******
1. Using the DuPont method, return on assets (investment) for Megaframe Computer is approximately
2. The firm’s average collection period is
Take home exam 1 *****SHOW YOUR WORK*****
3. Times interest earned for Megaframe Computer is
4. Megaframe’s quick ratio is
5. Megaframe’s current ratio is
6. The firm’s debt to asset ratio is
7. What is Megaframe Computer’s total asset turnover?
8. Compute Megaframe’s after tax profit margin.
9. The firm’s return on equity is
10. The firm’s receivable turnover is
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