Task: Working on an assignment and need help with the following:
Question 1: For the past year, De Vries, Inc. had a cost of goods sold of $59,382. At the end of the year, the accounts payable balance was $13,689. How long on average did it take the company to pay off its suppliers during the year? What might a large value for this ratio imply?
Question 2. Rain Company has a deby equity ratio of 1.25. Return on assets is 7.5%, and total equity is $625,000/ What is the equity multiplier? Return on equity? Net income?
Question 3. If Lee Inc, has a 9% ROA and a 15% payout ratio, what is its internal growth rate?
Question 4. If the School has a 13.1% ROE and a 30% payout ratio, what is its sustainable growth rate?