Managerial Finance Questions

May 12th, 2015
Business & Finance
Price: $10 USD

Question description

I have three finance questions that I need answered below. Is this something you can answer?


1. Ramshack Inc. had 5 days in inventory based on a 365-day year. The inventory turnover was??


a. 5

b. 60

7c. 3

d. Cannot be figured without the inventory value.

e. None of the above.

2. Ram Company's after-tax net income was $120. Their interest paid was $50. Assuming the corporate tax is 40%, what is Ram Company's interest coverage ratio?


a. 1.4

b. 2.4

c. 5.0

d. 6.7

e. None of the above.

3. Mulberry Company paid dividends of $400 and retained 33.33% of their earnings. The sales for the year were $12,000 and total assets were $10,000. What was the return on assets (ROA)?


a. 5%

b. 6%

c. 10%

d. 12%

e. None of the above.

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School: UC Berkeley

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