A firm has a debt-to-equity ratio of 0.66 and a market-to-book ratio of 2.0. What is the ratio of the book value of debt to the market value of equity? (Do not round intermediate calculations. Round your answer to 2 decimal places.)


Book to-debt-market ratio:


Assume a firm's inventory level of $18,500 represents 23 days' sales.
 

Required:

a. What is the annual cost of goods sold? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to whole number.)

b. What is the inventory turnover ratio? (Round your answer to 2 decimal places.)

Answer rating: 100% (QA)

a The cost of goods sold per day can be calculated as In... View the full answer