MGMT 061 Gardial & Son has an ROA of 16%, a 4% profit margin, and a return on equity equal to 24%.

Question 1Gardial & Son has an ROA of 16%, a 4% profit margin, and a return on equity equal to 24%. What is the company’s total assets turnover? 4.00 0.25 1.50 1.67 2.402 points Question 2Greene Sisters has a DSO of 15 days. The company’s average daily sales are $30,000. What is the level of its accounts receivable? Assume there are 365 days in a year.$400,000$730,000$222,650$10,950,000$450,0002 points Question 3Reno Revolvers has an EPS of $2.25, a cash flow per share of $4.50, and a price/cash flow ratio of 4.0. What is its P/E ratio?4.001.502.258.0016.002 points Question 4The Nelson Company has $1,500,000 in current assets and $600,000 in current liabilities. Its initial inventory level is $240,000, and it will raise funds as additional notes payable and use them to increase inventory. How much can Nelson’s short-term debt (notes payable) increase without pushing its current ratio below 2.0? What will be the firm’s quick ratio after Nelson has raised the maximum amount of short-term funds?1.192.502.001.406.252 points Question 5The Morris Corporation has $800,000 of debt outstanding, and it pays an interest rate of 5% annually. Morris’s annual sales are $4 million, its average tax rate is 40%, and its net profit margin on sales is 3%. If the company does not maintain a TIE ratio of at least 5 to 1, then its bank will refuse to renew the loan and bankruptcy will result. What is Morris’s TIE ratio? 6.000 5.000 3.750 3.000 4.1252 points Question 6Assume you are given the following relationships for the Haslam Corporation:Sales/total assets2Return on assets (ROA)6%Return on equity (ROE)8%Calculate Haslam’s profit margin and liabilities-to-assets ratio. Suppose half its liabilities are in the form of debt. What is Haslma’s debt-to-assets ratio?42.86%21.43%25.00%28.00%12.50%2 points Question 7Needham Pharmaceuticals has a profit margin of 4% and an equity multiplier of 4.0. Its sales are $80 million and it has total assets of $40 million. What is its ROE?4%32%50%12%16%2 points Question 8Ace Industries has current assets equal to $4 million. The company’s current ratio is 2.5, and its quick ratio is 1.5. What is the firm’s level of current liabilities? What is the firm’s level of inventories? The answer choices are in millions.$1.00$1.60$4.00$1.50$6.502 points Question 9The Kretovich Company had a quick ratio of 2.2, a current ratio of 3.0, a days sales outstanding of 30 days (based on a 365-day year), total current assets of $450,000, and cash and marketable securities of $180,000. What were Kretovich’s annual sales?$1,350,000$1,825,000$270,000$540,000$2,580,0002 points Question 10Winston Washers’s stock price is $90 per share. Winston has $15 billion in total assets. Its balance sheet shows $3 billion in current liabilities, $8 billion in long-term debt, and $9 billion in common equity. It has 600 million shares of common stock outstanding. What is Winston’s market/book ratio?751510906