Uptown Men's Wear has accounts payable of $2,214, inventory of $7,950, cash of $1,263, fixed assets of $8,400, accounts receivable of $3,907

Russell's Deli has cash of $136, accounts receivable of $95, accounts payable of $210, and inventory of $409. What is the value of the quick ratio?    A.  0.31 B.  0.53 C.  0.71 D.  1.10 E.  1.07 Quick ratio = ($136 + $95)/$210 = 1.10

54.

Uptown Men's Wear has accounts payable of $2,214, inventory of $7,950, cash of $1,263, fixed assets of $8,400, accounts receivable of $3,907, and long-term debt of $4,200. What is the value of the net working capital to total assets ratio?    A.  0.31 B.  0.42 C.  0.47 D.  0.51 E.  0.56 Net working capital to total assets = ($1,263 + $3,907 + $7,950 - $2,214)/($1,263 + $3,907 + $7,950 + $8,400) = 0.51

55.	A firm has total assets of $310,100 and net fixed assets of $168,500. The average daily operating costs are $2,980. What is the value of the interval measure?    A.  31.47 days B.  47.52 days C.  56.22 days D.  68.05 days E.  104.62 days Interval measure = ($310,100 - $168,500)/$2,980 = 47.52 days

56.	A firm has a debt-equity ratio of 0.42. What is the total debt ratio?    A.  0.30 B.  0.36 C.  0.44 D.  1.58 E.  2.38 The debt-equity ratio is 0.42. If total debt is $42 and total equity is $100, then total assets are $142. Total debt ratio = $42/$142 = 0.30.

57.	A firm has total debt of $4,850 and a debt-equity ratio of 0.57. What is the value of the total assets?    A.  $6,128.05 B.  $7,253.40 C.  $9,571.95 D.  $11,034.00 E.  $13,358.77 Total equity = $4,850/0.57 = $8,508.77 Total assets = $4,850 + $8,508.77 = $13,358.77