1)What is the operating cycle for following data? Days' sales in receivables: 38.7 days Accounts receivable turnover:...
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1)What is the operating cycle for following data?
Days' sales in receivables: 38.7 days
Accounts receivable turnover: 9.6 times
Accounts receivable turnover in days: 35.3 days
Days' sales in inventory: 68.5 days
Merchandise inventory turnover: 5.9 times
Inventory turnover in days: 58.9 days
2)What is the book value per share?
Market price per share $30.00
Number of common shares 10,000
Preferred stock 5%
$100 per $10,000
Common equity $140,000
3)What is the debt to equity ratio?
Current liabilities $12.6
Bonds payable 18.6
Lease obligations 2.7
Minority interest 1.4
Common stock 8.6
Retained earnings 22.9
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