We are given the following information for the Pettit Corporation. Sales (credit) $3,549,000
Cash 179,000
Inventory 911,000
Current liabilities 788,000
Asset turnover 1.40 times
Current ratio 2.95 times
Debt-to-assets ratio 40%
Receivables turnover 7 times
Current assets are composed of cash, marketable securities, accounts receivable, and inventory.
Calculate the following balance sheet items:
a. Accounts receivable.
b. Marketable securities.
c. Fixed assets.
d. Long-term debt.

See below

Explanation:

a. Accounts receivables

= Sales / Receivables turnover

= $3,549,000 / 7x

= $507,000

b. Marketable securities

= Current assets - (Cash + Accounts receivable + Inventory)

Where;

Current asset = Current ratio × Current liabilities

Current asset = 2.95 × $788,000

Current asset = $2,348,240

Hence,

Marketable securities

= $2,348,240 - ($179,000 + $507,000 + $911,000)

= $2,348,240 - $1,597,000

= $751,240

c. Fixed assets

Total assets = Current assets + Fixed assets

$2,535,000 = $2,348,240 + Fixed assets

Fixed assets = $2,535,000 - $2,348,240

Fixed assets = $186,760

d. Long term debt

= Total debt - Current liabilities

Where,

Total debt = Debt to assets × Total assets

= 40% × ($3,549,000 / 1.40)

= 40% × $2,535,000

= $1,014,000

Hence,

Long term debt

= $1,014,000 - $788,000

= $226,000

Yes Belgacom share price should rise faster than google because Companies that pay dividends are seen as financially stable and they are popular among investors.

Explanation:

Dividends are issued from a companies retained earnings. therefore only companies that are profitable in a big way can issue dividends consistently.

Companies that offer dividends consistently are percieved by investors as financially stable companies. and they become attractive to investors.

When more investors buy stocks because of the dividend Belgacom pays, the stock prices increases.

Paying of dividend is a great way for a company to foster goodwill among shareholders, drive stock and also communicate financial stability. Dividends can be in form shares of stock, property or cash payments.

Therefore with the above points i have mentioned, it would be better to have Belgacom stock options.