Question: Using the same financial data in Question 1, answer the following questions: a) Calculate the inventory turnover, days sales outstanding and total asset turnover for

 Using the same financial data in Question 1, answer the followingquestions: a) Calculate the inventory turnover, days sales outstanding and total assetturnover for 2015. Comment on the company's asset management effectiveness if theindustry average for the ratios is 10x, 46 days and 1.5x, respectively.

Using the same financial data in Question 1, answer the following questions: a) Calculate the inventory turnover, days sales outstanding and total asset turnover for 2015. Comment on the company's asset management effectiveness if the industry average for the ratios is 10x, 46 days and 1.5x, respectively. (3 points) b) Calculate the net profit margin, basic earning power and return on equity for 2015. Comment on the company's profitability ratios if the industry average for the ratios is 6.2%,10.4% and 8.3%, respectively. (3 points) c) What is the equity multiplier for the company in 2015? (2 points) d) Use the DuPont equation to provide a summary of the company's financial condition. Based on the solutions and industry averages in part a,b and c, determine whether the company is using more or less leverage than the industry average. (3 points) Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars)

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