Managerial Finance Questions
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1. Ramshack Inc. had 5 days in inventory based on a 365-day year. The inventory turnover was??
Options:
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a. 5 |
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b. 60 |
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7c. 3 |
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d. Cannot be figured without the inventory value. |
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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?
Options:
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a. 1.4 |
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b. 2.4 |
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c. 5.0 |
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d. 6.7 |
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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)?
Options:
a. 5%
b. 6%
c. 10%
d. 12%
e. None of the above.
