Question: Current Attempt in Progress The financial information below was taken from the annual financial statements of Pharoah Videos: 2014 2013 Current assets $133,400 $126,500 Current
Current Attempt in Progress
The financial information below was taken from the annual financial statements of Pharoah Videos:
| 2014 | 2013 | |||
|---|---|---|---|---|
| Current assets | $133,400 | $126,500 | ||
| Current liabilities | 48,000 | 64,400 | ||
| Total liabilities | 211,200 | 210,600 | ||
| Total assets | 588,000 | 597,000 | ||
| Net sales | 632,000 | 644,000 | ||
| Net credit sales | 620,000 | 621,000 | ||
| Cost of goods sold | 348,800 | 330,000 | ||
| Inventory | 60,000 | 55,800 | ||
| Receivables (net) | 35,200 | 31,400 | ||
| Dividends | 10,400 | 12,600 | ||
| Capital expenditures | 17,600 | 23,600 | ||
| Net income | 59,200 | 45,600 | ||
| Net cash provided by operating activities | 38,400 | 44,000 |
Calculate the following ratios for Pharoah Videos for 2014. (Round Free cash flow to 0 decimal place, e.g. 12. Other all answers to 2 decimal places, e.g. 12.21.)
| 1. | Average collection period | enter a number of days rounded to 2 decimal places | days | |
|---|---|---|---|---|
| 2. | Current ratio | enter ratio rounded to 2 decimal places | :1 | |
| 3. | Debt to assets ratio | enter percentages rounded to 2 decimal places | % | |
| 4. | Return on assets | enter percentages rounded to 2 decimal places | % | |
| 5. | Profit margin | enter percentages rounded to 2 decimal places | % | |
| 6. | Asset turnover | enter a number of times rounded to 2 decimal places | times | |
| 7. | Inventory turnover | enter a number of times rounded to 2 decimal places | times | |
| 8. | Free cash flow | $enter a dollar amount rounded to 0 decimal places |
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