Question: Calculate the quick ratio for both years, the return on equity for both years, and the net profit margin for both years 3. Powell Panther

 Calculate the quick ratio for both years, the return on equity

Calculate the quick ratio for both years, the return on equity for both years, and the net profit margin for both years

3. Powell Panther Corporation: Income Statement for Year Ending December 31 (Millions of Dollars) 2000 - 1999 Sales Operating costs excluding depreciation Depreciation Earning before interest and taxes Less interest Earning before taxes Taxes (40%) Net income || || $1,200.0- _1,020.0 30.0- $150.0- 21.7> $128.3- 51.35 $ 77.0> $1,000.0 || 850.0 25.0" $125.0" .20.2 $ 104.8|| 41.9 $ 62.9 | Powell Panther Corporation: Balance Sheets as of December 31 (Million of Dollars) | 2000 - 1999 ASSET Cash and marketable Securities Accounts receivable Inventories Net plant and equipment Total assets | $12.0> 180.0- 180.0> 300.0> $672.0> $ 10.0 150.0 200.0 250.0 $ 610.0 LIBILITES AND EUITY - 1 Accounts payable Notes payable | Accruals> > Long-term bonds Common stock (50 million shares) Retained earnings Common equity> > Total liabilities and equity $108.0 67.0 72.0 > 150.0 50.0- 225.0 > $ 275.0> $672.0- $90.01 51.0" 60.0 150.0 50.0|| .208.5|| $ 258.5|| $610.0

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