Question: Imation, a global technology company, reported the following selected items as part of its 2014 annual report (dollars in millions): Assume a 0 percent tax

Assume a 0 percent tax rate.
REQUIRED:
Compute the following ratios:
1. Current ratio
2. Quick ratio
3. Receivable turnover (time and days)
4. Interest coverage
5. Return on assets
6. Inventory turnover (times and days)
7. Return on equity
2014 2013 $ 114.6 $132.6 Cash Accounts receivable 134.4 163.3 84.3 Inventory 57.7 Current assets 339.4 429.0 Total assets 499.2 641.8 Current liabilities 212.6 231.1 Shareholders' equity 240.8 373.2 $ 729.5 Sales Cost of goods sold 591.1 Interest expense 2.6 Net loss before taxes (109.3) (112.4) Net loss
Step by Step Solution
3.53 Rating (160 Votes )
There are 3 Steps involved in it
1 Current Ratio Current Assets Current Liabilities 3394 2126 160 2 Quick Ratio Cash ST Investments A... View full answer
Get step-by-step solutions from verified subject matter experts
