Question: Harmony Corporation has 2 , 5 0 0 , 0 0 0 shares of common stock outstanding. Its stock has traded recently at $ 3
Harmony Corporation has shares of common stock outstanding. Its stock has traded recently at $ per share. You would like to gain a better understanding of Harmony Corporation's financial position. Assume all sales are on credit.
Calculate the following ratios for and interpret the results:
a Inventory turnover
b Days' sales in receivables
c Acidtest ratio
d Timesinterestearned
e Gross profit percentage
f Operating income percentage
g Return on stockholders' equity
h Earnings per share
i Priceearnings ratio
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