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FIN 370 Week 5 Final Exam Answers

# FIN 370 Week 5 Final Exam Answers - Current Assets Current...

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TRUE/FALSE Answer 1 F 2 F 3 T 4 F 5 F 6 T 7 F 8 F 9 T 10 F MULTIPLE CHOICE 11 a 12 b 13 a 14 c 15 a 16 d 17 b 18 d 19 c 20 a 21 d PROBLEMS 22.a 28000 22.b 1.46 22.c 0.93 22.d 29.16 22.e 12.35 22.f 12.26 23.a 24% 23.b 5% 23.c 8% 23.d 0.55 23.e 3.33 23.f 1.48

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Work Shown \$1,000(1+0.02)^5 = 1104 FV=R/i*[(1+i)^n-1]=2500/0.05*(1.05^5-1)=13814.08 R=PV*i/(1-1/(1+i)^n)=2000*0.06/(1-1/1.06^3)=748.22, 748.22*3=2244.66 collection=0.1*15000+0.2*25000+0.7*10000=13500 inventory turnover=cost of goods sale/average inventory=219793/29447=7.46, days of inventory o inventory turnover=cost of goods sale/average inventory=219793/29447=7.46
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Unformatted text preview: Current Assets - Current Liabilities Current Assets / Current Liabilities Current Assets / Current Liabilities 360 / Account Receivable Turnover Net Sales / Average Receivale Cost of Good Sold / Average Inventory Gross profit / Sales X 100 Net profit / Sales X 100 Net profit / Stock Holde Equity X 100 Total Debt / Total Assets Profit before interst and tax / Interest Sales / Net property, planr and equipment on hand=365/inventory turnover=48.9...
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FIN 370 Week 5 Final Exam Answers - Current Assets Current...

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