Answer all the following problems, except the last one, using the data in the Balance Sheet and Income Statement given below.

Assume that the year has 365 days, and that all sales are on credit.

B A L A N C E S H E E T (12/31) (01/01 to 12/31)

ASSETS ($000) LIABILITIES ($000) Income Statement ($000)

Cash 58 A/P 229 Sales 1,697

A/R 171 S-T Debt 7 COGS 1,222

Inventory 239 Other CL 24 Gross Profit 475

Current Assets 468 CL 260 S&A 425

Fixed Assets 126 L-T Debt 64 EBIT 50

Total Liabilities 324 Interest 13

Equity 270 EBT 37

Total Assets 594 Total Liab. & Equity 594 Taxes 6

Net Income 31

Question 1

What is the current ratio (CR)? Round the answer to 1 decimal; e.g., 2.

Question 2

What is the days of sales in cash (DSC)? Round the answer to 1 decimal; e.g., 2.4

Question 3

What is the average collection period (ACP), in days? Round the answer to 1 decimal

Question 4

.What is the days of sales in inventory (DSI)? Round the answer to 1 decimal;

Question 5

What is the asset turnover (ATO)? Round the answer to 1 decimal;

Question 6

What is the equity multiplier (EM)? Round the answer to 1 decimal

Question 7

1. What is the profit margin (PM)? Give the answer as a percent, rounded to 1 decimal;

Question 8

1. What is the return on equity (ROE)? Give the answer as a percent, rounded to 1 decimal;

Question 9

1.Ladri Biciclette, S.A. sells only one model of bicycles. This Italian firm expects to increase its prices by 24% next year and, as a result, it also expects the number of bicycles sold to decrease by 13% next year, relative to this year. If these expectations materialize, what will be the exact percentage change in revenues for Ladri next year, relative to this year? Give the answer as a percent with two decimals