mrmid=24&facld=109&facultyid=5823 Question 2 715 marks) Find below the financial data for Garden Co. Note that the firm has no amortization charges, it does not lease any assets, and none of its must be retired during the next 5 years (notes payable will be rolled over). Assume a 365-day year. GARDEN CO. BALANCE SHEET (millions of dollars) Cash $ 140.0 Accounts payable $ 800.0 Accts. receivable 880.0 Notes payable 600.0 Inventories 1,320.0 Accruals 400.0 Total current $2,340.0 Total current liabilities $1,800.0 assets Long-term bonds 1,000.0 Total debt $2,800.0 Common stock 200.0 Retained earnings 1,000.0 Net plant & equip. 1,660.0 Total common equity $1,200.0 Total assets $4,000.0 Total liabilities & equity $4,000.0 OTHER DATA Credit term = 60 days Sales - $ 6,000.0 Depreciation expense = $ 100.2 Operating income = $ 300.0 Interest expense = $ 96.0 Net income - $ 122.4 Shares outstanding (millions) Common dividends millions) Interest rate on N/P and long-term bonds Federal plus state income tax rate Market Stock price 60.00 $42.8 6.0% 40% $30.60 Ratio Days sales outstanding Inventory Turnover Fixed Asset Turnover Total Asset Turnover Price to Earnings Price to cash flow Market to book value Industry Average 45 days 6x 4x 2.5x 12x 7.12x 2.2x a. b. Calculate the firm's Turnover ratios and Market value ratios. Analyze the following ratios and outline the firm's strengths and weaknesses as revealed by your analysis : 1 Asset utilization Market value ratios + Ouestion 3 (15 marks) 1 9