Question: Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 0.2 8.0 1.5 1.0 0.9 4.6 73 days

 Long-term debt ratio Times interest earned Current ratio Quick ratio Cash
ratio Inventory turnover Average collection period 0.2 8.0 1.5 1.0 0.9 4.6

Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 0.2 8.0 1.5 1.0 0.9 4.6 73 days Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. {Enter your answers in millions, Round Intermediate calculations and final answers to 2 decimal places.) 17.00 INCOME STATEMENT (Figures in 5 millions) Net sales Cost of goods sold Seling, general and administrative expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Arxcome before tax Tax (35% of income before tax) Net income 27.00 BALANCE SHEET (Figures in 5 millions) This Year Last Year A Prey 900 Next > 27.00 expo Depreciation Eamings before interest and taxes (EBIT) Interest expense Income before tax Tax (35% of income before tax) Net Income $ BALANCE SHEET (Figures in S millions) This Year Last Year Assets Cash and marketable securities 27 Accounts receivable 41 Inventories 33 Total current assets $ 101 Net property, plant, and equipment 32 Total assets $ 23 Liabilities and shareholders equity Accounts payable $ 20.00 $ 15 Notes payable 30.00 35 Total current liabilities $ 50 Long-term debt 27 Shareholders equity Total liabilities and shareholders $ 195.00 $ 133

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