Digby's balance sheet has $85,185,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and also e
1 answer:
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The above answer can be explained as under -
Given,
Current Liabilities = $ 4,590
Net working capital = $ 2,170
So, the current assets will be calculated as under -
Net working capital = Current assets - Current liabilities
$ 2,170 = Current assets - $ 4,590
Current assets = $ 2,170 + $ 4,590
Current assets = $ 6,760
The liquid or quick assets will be calculated as -
Current assets - Inventory = Quick assets
Quick assets = $ 6,760 - $ 3,860
Quick assets = $ 2,900.
Now,
1. Current ratio =
Current ratio = = 1.47
2. Quick ratio =
Quick ratio = = 0.63
Answer:
value of the bond = $2,033.33
Explanation:
We know,
Value of the bond,
Here,
Face value of par value, FV = $2,000
Coupon payment, I = Face value or Par value × coupon rate
Coupon payment, I = $2,000 × 6.04%
Coupon payment, I = $128
yield to maturity, i = 6.1% = 0.061
number of years, n = 15
Therefore, putting the value in the formula, we can get,
or,
or,
or,
or, $711.9738 + 1,321.3635
Therefore, value of the bond = $2,033.33