1. Calculate Account rececivable turnover for both 2014 and 2015 using this formula

Sales/Accounts Receivable

2. Calculate Account payable turnover for both 2014 and 2015 using this formula

Cost of Goods Sold/Accounts Payable

3. calculate Return of Equity for both 2014 and 2015 using this formula

Net Income/Common Equity

2017. Review the following financial data, and then answer the questions below. Company X Income Statement FYE 2014 and 2015 Period Ending 31-Jan-15 Total Sales $ 485,651,000 Cost of Goods 365,086.000 Gross Profit 120,565,000 Selling General and Administrative 93,418,000 Operating Profit 27, 147,000 Total Other Income/Expenses Net 113,000 Earnings Before Interest and Taxes 27,034,000 Interest Expense 2,461,000 Income Before Tax 24,573,000 Income Tax Expense 7,985,000 Net Income from Continuing Ops 16,588,000 Discontinued Operations 285,000 Net Income (Net Profit) $ 16, 303,000 14,000,000 shares outstanding Market Share price per share $10.00 $9.00 31-Jan-14 $ 476,294.000 358,069,000 118,225,000 91,353,000 26,872,000 119,000 26,753,000 2,335,000 24,418,000 8,105,000 16,313,000 144,000 $ 16 169.000 2 of 4 31-Jan-15 31-Jan-14 $9.135.000 6,778,000 45,141,000 2,224,000 63,278,000 116,655,000 18,102,000 5,671,000 203.706,000 $7 281,000 6,677,000 44.858.000 2,369,000 61.185,000 117.907.000 19,510,000 6,149,000 204,751,000 Company X Balance Sheet FYE 2014 and 2015 Period Ending Assets Current Assets Cash and Cash Equivalents Net Receivables Inventory Other Current Assets Total Current Assets Property Plant and Equipment Goodwill Other Assets Total Assets Liabilities Current Liabilities Accounts Payable Short/Current Long-Term Debt Other Current Liabilities Total Current Liabilities Long Term Debt Deferred Long Term Liability Charges Minority Interest Total Liabilities Miscellaneous Stocks Options Warrants Common Stock Retained Earnings Capital Surplus Another Stockholders Equity Total Stockholders' Equity Total Liabilities + Stockholders' Equity Number of Shares Outstanding Market Share price per share 58,583,000 6,689,000 65,272,000 43,692,000 8,805,000 4,543,000 122,312,000 57 174,000 12,082,000 89,000 69,345,000 44,559,000 8,017,000 5,084,000 127,005,000 323,000 85,777 000 2.462,000 -7,168,000 81,394,000 $ 203,706,000 14,000,000 $10.00 323,000 76,566,000 2.362,000 -1,505,000 77 746,000 $ 204,751 000 14,000,000 $9.00