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Foundations of Financial Management Study Set 5
Quiz 3: Financial Analysis
A Firm Has a Debt-To-Asset Ratio of 35% and Total
Question 67
Multiple Choice
A firm has a Debt-to-Asset ratio of 35% and Total Assets of $350,000. What is the firm's Total Debt? A) $122,500 B) $650,000 C) $100,000 D) $60,000
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Related questions
Q 68
Juniper, Ltd. report total sales of $10,000,000 in the prior year. If these sales were 15.50X total capital assets what was the company's capital asset position in the year? A) $15,000,000 B) $155,000,000 C) $645,161 D) $6,451,613
Q 69
Jones and Co., reported average receivables of $550,000 in its most recent annual report. If total credit sales were $3,000,000 what was Jones and Co.'s average collection period? (Use 365 days in a year.) A) 67 days B) 29 days C) 82 days D) 21 days
Q 70
If a company's profit margin was 32%, what were its reported sales if its reported net income was $650,000? A) $10,000,000 B) $9,758,982 C) $1,008,332 D) $2,031,250
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