Question
1. The 2017 balance sheet of Dream, Inc., showed current assets of $4,545 and current liabilities of $2,825. The 2018 balance sheet showed current assets
1. The 2017 balance sheet of Dream, Inc., showed current assets of $4,545 and current liabilities of $2,825. The 2018 balance sheet showed current assets of $3,280 and current liabilities of $1,690.
What was the company's 2018 change in net working capital, or NWC? (do not round intermediate calculations. A negative answer should be indicated by a minus sign.)
2. DTO, Inc., has sales of $12 million, total assets of $9.9 million, and total debt of $7.9 million. Assue the profit margin is 6 percent.
-a. What is the company's net income? (do not round intermediate calculations. enter your answer in dollars not in millions, e.g., 1,234,567.)
-b. What is the company's ROA and what is the company's ROE? (do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places)
3. Queen, Inc., has a total debt ratio of .32.
-a. What is its debt-equity ratio?
-b. What is its equity multiplier?
(do not round intermediate calculations. Round your answer to 2 decimal places)
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