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bulgar [2K]
3 years ago
15

Larkspur Company has been operating for several years, and on December 31, 2020, presented the following balance sheet.

Business
1 answer:
Nikitich [7]3 years ago
8 0

Answer:

a. Current Ratio = (Cash + Receivables + Inventory) / Accounts Payable

Current Ratio = $36,400+$69,200+$99,300 / $141,500

Current Ratio = 1.448056537102473

Current Ratio = 1.45

b. Acid-test Ratio = (Cash + Receivables) / Accounts Payable

Acid-test Ratio = ($36,400+$69,200)/$141,500

Acid-test Ratio = 0.7462897526501767

Acid-test Ratio = 0.75

c. Debt to Assets Ratio = (Accounts Payable + Mortgage Payable) / Total Assets

Debt to Assets Ratio = $78,100 +$141,500/ $442,600

Debt to Assets Ratio = 0.4961590600994126

Debt to Assets Ratio = 49.62%

d. Return on Asset = Net Income / Total Assets

Return on Asset = $25,000 / $442,600

Return on Asset = 0.0564844103027564

Return on Asset = 56.48%

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Answer:

A sub-agent

Explanation:

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3 years ago
You must estimate the intrinsic value of Noe Technologies’ stock. The end-of-year free cash flow (FCF1) is expected to be $27.50
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Answer:

= $52.78 per share

Explanation:

<em>The value of a business can be determined using the free cash flow model. According to this model, the value of a firm is is the present value of its free cash flow discounted at the weigthed average cost of capital (WACC.)</em>

<em>The value of equity is the value of firm less value of other instruments (e.g debt and preferred stocks)</em>

<em>Value of equity = Value of the entire firm - Value of debt </em>

We can work out the the value per share using the steps below:

<em>Step 1</em>

<em>Calculate the total value of the firm</em>

Value of firm =  27.50/(0.1-0.07)

 = $916.66 million

<em>Step 2</em>

<em>Calculate the value of equity</em>

<em>Value of equity = Value of the entire firm - Value of debt</em>

= $916.66 million - $125.0 million

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<em>Step 3</em>

<em>Calculate the value per share</em>

Value per share = Value of equity/ units of common stock

=$791.666 million/15 million units

= $52.78 per share

3 0
3 years ago
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KonstantinChe [14]

Answer:

c is correct on

Explanation:

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