Question: Refer below to the balance sheet and income statement for Abercrombie Supply Company for the year ended June 30, 2014. Calculate the following ratios: a.

Refer below to the balance sheet and income statement for Abercrombie Supply Company for the year ended June 30, 2014. Calculate the following ratios:
Refer below to the balance sheet and income statement for
Refer below to the balance sheet and income statement for

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
h. Cash coverage?

Abercrombie Supply Company Balance Sheet as of June 30,2014 (S thousands) Assets Cash and marketable sec. Accounts receivable Inventory Other current assets % of Assets 396,494 93 Accounts payable and accruals S 817,845 19.1 % of Assets Liabilities and Equity: 708,275 1,152,398 42,115 16.5 26.9 1.0 Notes payable Accrued income taxes 101,229 41,322 1.0 Total current assets Total current liabilities Netplant and equipment 1,978,455 46.3 Long-term debt 1,149,520 26.9 Total liabilities Common stock Retained eamngs 1,312,137 855,684 30.7 20.0 Total common equity Total liabilities and equity Total assets Abercrombie Supply Company Income Statement for the Fiscal Year Ended June 30, 2014 (S thousands) 90 of Net sales Cost of goods sold Selling and administrative expenses Nonrecuring expenses Eamings before interest, taxes, depreciation and amortization $2,110,96:5 1,459,455 312,044 27,215 Net Sales 100.0 69.1 14.8 (EBITDA) Depreciation Eamings before interest and taxes (EBIT) Interest expense Eamings before taxes (EBT) Taxes (3596) Net income 312,251 112,178 $ 200,073 117,587 $ 82,486 28,870 $ 53,616 14.8 5.3 9.5 3.9 2.5

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