Refer above to the balance sheet and income statement for Abercrombie Supply Company for the year ended

Question:

Refer above to the balance sheet and income statement for Abercrombie Supply Company for the year ended June 30, 2013. Calculate the following ratios:

Inventory turnover ratio

Days' sales outstanding

Total asset turnover

Fixed asset turnover

Total debt ratio

Debt-to-equity ratio

Times interest earned ratio

Cash coverage ratio?

Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...