=+31, 2006, rounding to one decimal place. a. Working capital b. Current ratio c. Quick ratio d.

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=+31, 2006, rounding to one decimal place.

a. Working capital

b. Current ratio

c. Quick ratio

d. Accounts receivable turnover

e. Number of days’ sales in receivables

f. Inventory turnover g. Number of days’ sales in inventory h. Ratio of liabilities to stockholders’ equity i. Ratio of net sales to average total assets j. Rate earned on average total assets, assuming interest expense is $20.495 million for the year ending May 31, 2007, and $20.956 million for the year ending May 31, 2006 k. Rate earned on average common stockholders’ equity l. Price-earnings ratio, assuming that the market price was $56.75 per share on May 31, 2007, and $40.16 per share on May 31, 2006.

m. Percentage relationship of net income to net sales

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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