Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. A company has sales of $684,000, costs of $437,000, interest paid of $13,800, total assets of $721,000, and depreciation of $109,400. The tax rate

image text in transcribed
3. A company has sales of $684,000, costs of $437,000, interest paid of $13,800, total assets of $721,000, and depreciation of $109,400. The tax rate is 20 percent and the equity multiplier is 1.8. What is the return on equity? (Show your calculations) 4- ABCD has sales of $218,400, cost of goods sold of $128,400, inventory of $16,300, and accounts receivable of $62,700. How many days, on average, does it take the firm to both sell its inventory and collect payment on the sale? (Show your calculations)

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_2

Step: 3

blur-text-image_3

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

International Financial Management

Authors: Geert Bekaert, Robert J. Hodrick

4th International Edition

013284298X, 9780132842983

More Books

Students also viewed these Finance questions

Question

What is ethnocentric bias?

Answered: 1 week ago