# Textbook Solutions

### Statistics Guide: The manufacturer of a laser printer reports the mean number of pages a cartridge will print before it needs replacing is 12,350

The following tutorial will setup this problem in excel. Use the template below to follow along and solve this problem for any data set. Student Question: The manufacturer of a laser printer reports the mean number of pages a cartridge will print before it needs replacing is [...]Read more

### Statistics Guide: Director of admissions at Kinzua University in Nova Scotia

Student Question: The director of admissions at Kinzua University in Nova Scotia estimated the distribution of student admissions for the fall semester on the basis of past experience. We are going to solve this problem using Microsoft Excel. First, take all of the data in the [...]Read more

### Lake Cairo Financial Ratios: Debt, Debt-to-equity, Equity multiplier, Times Interest Earned, and Cash coverage

Lake Cairo Marina Debt, Debt-to-equity, Equity multiplier, Times Interest Earned, and Cash coverage (2015) The following tutorial will explain how to solve financial ratios for Lake Cairo’s 2015 Income Statement and Balance Sheet. See the corresponding financial statements [...]Read more

### Lake Cairo Financial Ratios: Fixed asset turnover, Sales to working capital, Total asset turnover, and Capital Intensity

Lake Cairo Fixed asset turnover, Sales to working capital, Total asset turnover, and Capital Intensity (2015) The following tutorial will explain how to solve financial ratios for Lake Cairo’s 2015 Income Statement and Balance Sheet. See the corresponding financial [...]Read more

### Lake Cairo Financial Ratios: Inventory Turnover, Days Sales, Average Collection Period, Average Payment Period

Lake Cairo Inventory Turnover, Days Sales, Average Collection Period, Average Payment Period (2015) The following tutorial will explain how to solve financial ratios for Lake Cairo’s 2015 Income Statement and Balance Sheet. See the corresponding financial statements at the [...]Read more

### Lake Cairo Financial Ratios: Return on Equity, Dividend Payout, Market-to-book, and PE Ratio

Lake Cairo Marina Return on Equity, Dividend Payout, Market-to-book, and PE Ratio (2015) The following tutorial will explain how to solve financial ratios for Lake Cairo’s 2015 Income Statement and Balance Sheet. See the corresponding financial statements at the bottom for [...]Read more

### Lake Cairo Financial Ratios: Profit margin, Basic earnings power, and Return on Assets

Lake Cairo Marina Profit Margin Ratios, Basic earnings power, and ROA (2015) The following tutorial will explain how to solve financial ratios for Lake Cairo’s 2015 Income Statement and Balance Sheet. See the corresponding financial statements at the bottom for additional [...]Read more

### Lake Cairo Financial Ratios: Current, Quick, and Cash

Lake Cairo Marina Current, Quick, and Cash Ratios (2015) The following tutorial will explain how to solve financial ratios for Lake Cairo’s 2015 Income Statement and Balance Sheet. See the corresponding financial statements at the bottom for additional reference in [...]Read more

### Case: Cash Budget XYZ Corporation Solution

Problem Details XYZ Corporation is a furniture company that just closed its balance sheet in December with a cash balance \$60 million. Its December 2014 sales were \$200 million and material purchases were 120 million. The sales of next twelve months in 2015 (in millions) [...]Read more

### Judgment Case 9-1 – Hudson Company Solution Guide

Hudson Company: Inventory Reporting for Both a Wholesaler and a Retailer Hudson Company, which is both a wholesaler and a retailer, purchases its inventories from various suppliers. Additional facts for Hudson’s wholesale operations are as follows: Hudson incurs substantial [...]Read more