Quiz – DA West Days Payable Outstanding
Essentials of Corporate Finance
Ross, Westerfield, and Jordan
10th Edition
Determine the average number of days it takes for DA West to pay its suppliers.
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Determine the average number of days it takes for DA West to pay its suppliers.
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Calculate the gross trading profit for a security based on the bid and ask prices and the total number of trades executed.
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A stock quote indicates a stock price of $60 and a dividend yield of 3%. The latest quarterly dividend received by stock investors must have been ______ per share.
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If a Treasury note has a bid price of $996.25, the quoted bid price in the Wall Street Journal would be _________.
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Calculate the average collection period for The HOT Truck, a company that operates specialty vehicles providing hot food and beverages for firms in outlying regions. The company has annual sales, a cost of goods sold, and a profit margin. Additionally, the average accounts receivable balance is given. Determine how long it takes for this food truck to collect payment for its services on average.
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Calculate the potential selling price of a T-bill with a given face value and bid/ask quotes.
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Calculate the new operating and cash cycles of Metropolitan Realty if it takes advantage of a supplier’s discount offer.
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Calculate the effective annual interest rate on a line of credit based on the given interest rate per month and the requirement for a non-interest-bearing deposit.
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Calculate the latest quarterly dividend received by stock investors based on a given stock price and dividend yield.
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Determine the end-of-year net asset value (NAV) for a mutual fund, starting with its initial assets and shares outstanding, accounting for its asset growth rate and the imposition of a 12b-1 fee based on year-end asset values, assuming no distributions are made.
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