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3 The balance sheet in Table P2.4 summarizes the financial conditions for Flex Inc., an electronic outsourcing contractor, for fiscal-year 2009. Compute the various financial
3 The balance sheet in Table P2.4 summarizes the financial conditions for Flex Inc., an electronic outsourcing contractor, for fiscal-year 2009. Compute the various financial ratios and interpret the firm's financial health during fiscal-year 2009. Note that the balance sheet and the income statement entries in this problem are not complete. Only relevant entries are listed. Do not attempt to add individual entries to confirm either current assets or current liabilities. (a) Debt ratio (b) Times-interest-earned ratio (c) Current ratio (d) Quick (acid-test) ratio (e) Inventory turnover ratio (f) Day's sales outstanding (g) Total assets turnover (h) Profit margin on sales (i) Return on total assets () Return on common equity (k) Price-to-carnings ratio. Assume a stock price of USS100 per share. (1) Book value per share. Assume that 150,250,000 shares were outstanding
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