1 randall corporation plans to borrow 274000 for one year, Ask an Expert

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1. Randall Corporation plans to borrow $274,000 for one year at 18 percent from the Waco State Bank. There is a 30 percent compensating balance requirement. Randall Corporation keeps minimum transaction balances of $8,000 in the normal course of business. This idle cash counts toward meeting the compensating balance requirement.

What is the effective rate of interest?

2. flying tigers, inc, has net sales of $770000 and account receivables of $159000. what is the firms account receivable turnover (give your answer upto two decimal places).

3. Reagan corp has reported a net income of 818,400 for the year. the company share price is $12.03, and the company has 319,170 shares outstanding. compare the firms price earnings ratio up to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92844457

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