Please advise on the ST-2 Problem

T PRUBLE W and s210 million in total common equity; Argent has no preferred stock. Argent's total debt is $120 million. What is the debt-to-assets ratio? What is the debt-to-equity ratio? T-) Argent Corporation has $60 million in current liabilities, $150 million in total liabilities atio T-2) The following data apply to Jacobus and Associates (millions of dollars): $ 400 4,300 $14,600 $ 730 2.0 3.0 40 days ysis Cash Fixed assets Sales Net income Quick ratio Current ratio DSO ROE 12.5% Jacobus has no preferred stock-only common equity, current liabilities, and long-term debt. Find Jacobus's (1) accounts receivable, (2) current liabilities, (3) current assets, (4) total assets (5) ROA, (6) common equity, (7) long-term debt, (8) equity multiplier, (9) profit and (10) total asset turnover. Substitute your calculated profit margin, total asset turnov and equity multiplier into the DuPont equation and verify that resulting ROE is 12.5%. margin, er, 1 S Answers Are in Appendix B EASY PROBLEMS 1-5