Question

Harmony Corporation reported these figures:


Harmony has 3,125 shares of common stock outstanding. Its stock has traded recently at $ 31.20 per share. You would like to gain a better understanding of Harmony’s financial position. Calculate the following ratios for 2014 and interpret the results:
a. Inventory turnover
b. Days’ sales in receivables
c. Acid- test ratio
d. Times- interest- earned
e. Return on stockholders’ equity
f. Earnings per share
g. Price/ earningsratio


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  • CreatedAugust 27, 2014
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