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dusya [7]
2 years ago
15

Tarheel Furniture Company is planning to establish a wholly owned subsidiary to manufacture upholstery fabrics. Tarheel expects

to earn $1 million after taxes on the venture during the first year. The president of Tarheel wants to know what the subsidiary’s balance sheet would look like. The president believes that is would be advisable to begin the new venture with ratios that are similar to the industry average. Tarheel plans to make all sales on credit. All calculations assume a 365-day year. In your computations, you should round all numbers to the nearest $1,000.
Based upon the industry average financial ratios presented here, complete the projected balance sheet for Tarheel’s upholstery subsidiary.

Industry Averages

Current ratio 2:1
Quick ratio 1:1
Net profit margin ratio 5%
Average collection period 20 days
Debt ratio 40%
Total asset turnover ratio 2 times
Current liabilities/stockholders equity 20%
Business
1 answer:
Alla [95]2 years ago
7 0

Answer:

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What action(s) can commanders take that will help them organize and interface with the myriad of relevant players and informatio
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20 POINTS !!!!! Based on your budget, which transportation option is the best financial decision for you? Explain your answer in
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2. Option B is not a good choice, because it requires too high of an up-front cost, and the mileage restriction might be a problem.

3. Option C is the best choice for my budget, and it will allow me to own a car outright once the loan is repaid.
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If the local government tells gas stations that they are not allowed to change the price of gas for three weeks during hurricane
castortr0y [4]

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The correct answer is B. Consumers will be unable to buy all the gas they want at the temporary price ceiling price.

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Answer:

<em><u>Any cost directly attributable to bring the asset into current location and condition necessary for it to be capable of operating it, in the manner intended by the management ( Para 15) 4.1.1. Clause b</u></em>

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2) if the land is purchased with the building on it and that building is used for a short time and then demolished then the building demolish charges would be expense out.

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