Question: answer for option d and e Young, Inc. 2018 Statement of comprehensive income (s in millions) Net sales $1,384 605 Less: Cost of goods sold
Young, Inc. 2018 Statement of comprehensive income (s in millions) Net sales $1,384 605 Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes 180 599 Less: Interest paid 80 Taxable income 519 Less: Taxes 156 Net income $363 Addition to retained earnings $254 Dividends paid 109 2018 $350 Young, Inc. 2017 and 2018 Statement of financial positions in millions) 2017 2018 12017 Cash $100 $121 Accounts payable $400 Accounts rec. 350 425 Notes payable Inventory 4.40 410 Total $790 Total $890 $956 Long-term deb 500 390 370 $720 550 INet fixed assets 1.556 1.704 Common stock 1600 580 Retained earnings 556 810 Total assets $2.446 $2.660 Total liabilities 52.446 $2.660 a. What is the quick ratio for Young for 2017? b. What is the debt-equity ratio for 2017? c. What was inventory turnover for 2018? d. What was the return on equity for 20187 e. What is the days' sales in receivables for 2018
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