A) 6.55%
B) 7.28%
C) 8.09%
D) 8.90%
E) 9.79%
G) A) and C)
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B) False
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A) 13.21%
B) 13.91%
C) 14.60%
D) 15.33%
E) 16.10%
G) D) and E)
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A) Reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.
B) Use cash to repurchase some of the company's own stock.
C) Borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.
D) Issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.
E) Use cash to increase inventory holdings.
G) None of the above
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A) 2.04
B) 2.14
C) 2.26
D) 2.38
E) 2.49
G) C) and E)
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A) $3.26
B) $3.43
C) $3.62
D) $3.80
E) $3.99
G) A) and E)
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A) A reduction in inventories would have no effect on the current ratio.
B) An increase in inventories would have no effect on the current ratio.
C) If a firm increases its sales while holding its inventories constant, then, other things held constant, its inventory turnover ratio will increase.
D) A reduction in the inventory turnover ratio will generally lead to an increase in the ROE.
E) If a firm increases its sales while holding its inventories constant, then, other things held constant, its fixed assets turnover ratio will decline.
G) None of the above
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