Refer to the preceding balance sheet and income statement for Greenfern Corporation for the fiscal year ended

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Refer to the preceding balance sheet and income statement for Greenfern Corporation for the fiscal year ended July 31, 2017. Calculate the following ratios:

a. Inventory turnover

b. Days€™ sales outstanding.

c. Total asset turnover.

d. Fixed asset turnover.

e. Total debt ratio.

f. Debt-to-equity ratio.

g. Times interest earned ratio.

h. Cash coverage ratio.


Greenfern Corporation recently filed the following financial statements with the SEC.

Greenfern Corporation Income Statement for the Fiscal Year Ended July 31, 2017 $ 73,236 Net sales Cost of products sold

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Fundamentals of Corporate Finance

ISBN: 978-1119371403

4th edition

Authors: Robert Parrino, David S. Kidwell, Thomas Bates

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