Question

Zap Electronics reported the following for the fiscal years ended January 31, 2011, and January 31, 2010:


Assume all sales are on credit and the firm has no preferred stock outstanding. Calculate the following ratios:

1. Current ratio (for both years)
2. Accounts receivable turnover ratio (for 2011)
3. Inventory turnover ratio (for 2011)
4. Debt- to- equity ratio (for both years)
5. Return on equity ratio (for 2011) Do any of these ratios suggest problems for thecompany?


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  • CreatedSeptember 01, 2014
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