Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

03.30 Using the DuPont Identity The Dahlia Company has net income of $162,840. There are currently 29.38 days sales in receivables. Total assets are $794,350,

03.30 Using the DuPont Identity The Dahlia Company has net income of $162,840. There are currently 29.38 days sales in receivables. Total assets are $794,350, total receivables are $145,350, and the debtequity ratio is .25. What is the company's profit margin? Its total asset turnover? Its ROE?
Net Income $ 162,840.00
Days' Sales in Receivables 29.38
Total Assets $ 794,350.00
Total Receivables $ 145,350.00
Debt-Equity Ratio 0.25
Total Asset Turnover
ROE

03.31 Calculating the Cash Coverage Ratio Delectable Parsnip, Inc.s, net income for the most recent year was $8,417. The tax rate was 34 percent. The firm paid $4,632 in total interest expense and deducted $5,105 in depreciation expense. What was the company's cash coverage ratio for the year?
Net Income $ 8,417.00
Tax Rate 34.00%
Interest Expense $ 4,632.00
Depreciation Expense $ 5,105.00
Cash Coverage Ratio

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Of Capital Applications And Examples

Authors: Shannon P. Pratt, Roger J. Grabowski, Richard A. Brealey

5th Edition

1118555805, 9781118555804

More Books

Students also viewed these Finance questions

Question

2 What are the steps that can aid effective communication?

Answered: 1 week ago