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# Managerial Accounting /Finance (Coursework Sample)

Instructions:

calculating of managerial accounting problems

source..Content:

Managerial Accounting /Finance

Candidateâ€™s Name

Institutionâ€™s Name

Question one: Soaring Eagles Corp. has total current assetsof $11,160,000, current liabilities of $5,974,000 and a quick ratio of 0.89.What is its level of inventory? Answer: 5,840,000

Solution

Quick ratio = (current assets â€“ inventories) / current liabilities

From the formula above

-Inventories= (quick ratio*current liabilities)-current Assets

= (0.89*5,974,000)-11,160,000

-Inventories = -5,843,140

Inventories level for Soaring Eagles Corp = 5,843,140

Question two: Boulder Mountain Ski Company has total assets of $434,400,000 and a debt ratio ofÂ 0.27. Calculate the companyâ€™s debt-to-equity ratio. Answer: 0.370

Solution

Debt-to-equity ratio = total liabilities / total shareholders' equity

And Debt ratio=total liabilities/ total assets

Therefore, total liabilities=0.27*434,400,000

=117,288,000

Shareholderâ€™s equity=total assets-total liabilities

=434,400,000-117288000

=317,112,000

Debt to equity ratio= 117288000/317112000

=0.369863

Question three: The Timber Ridge Company has the following relationships:

Sales/Total assets = 3.64;Â ROA = 0.0900

WhatÂ is Timber Ridgeâ€™s net profit margin? Your answer: 0.0247

Solution

ROA=Net profit margin*Assets turnover ratio

Therefore Net profit margin= ROA/Assets turnover ratio

=0.0900/3.64

=0.0247253

Question four: Sawaya Company had depreciation and amortization expensesÂ of $522,311, interest expenses of $114,077, and an EBITDA of $1,521,087 forÂ the year ended June 30, 2010. What is the Times Interest Earned for thisÂ company? Your answer: 2.910

Solution

Times Interest Earned= EBIT/Interest expense

= 1,521,087/522,311

=2.9122247

13.3 times

8.8 times

.6 times

None of the above

Question five: Archware Systems has total assets of $35.594billion, total debt of $9.678 billion, and net sales of $22.530 billion. Theirnet profit margin for the year was 0.21, while the operating profitmargin was 30 percent. WhatÂ is Archwareâ€™s net income? (Answer needs to be stated in billions. For example: 2.83) Your Answer: 4.730

Solution

Net income= ROA*Total Assets

But ROA= Net profit margin*Assets turnover ratio

But Assets turnover ratio= Sales/total assets

=22.530/35.594

=0.6329718

Therefore, ROA= 0.21*0.6329718

=0.1329241

Net income= 0.1329241*35.594

=4.7313004 billion

Question six: Which one of the following stat...

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