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6. The following accounts are reported for the Whitewasher Corp. for the end of fiscal year 2013 (all figures in millions): Cash = $12.0 Accounts
6. The following accounts are reported for the Whitewasher Corp. for the end of fiscal year 2013 (all figures in millions): Cash = $12.0 Accounts Payable = $108.0 Inventories = $180.0 Total Current Assets = $395.0 Short-term Investments = $23.0 Long-term Bonds = $150.0 Net Plant and equipment = $300.0 Total Current Liabilities = $270.0 Accruals = $72.0 Common stock = $50.0 Total Common equity = $275.0 Sales = $1,240 Number of Shares outstanding = 5 million Market price per share = $52.00 Construct a balance sheet for Whitewasher for fiscal year end 2013. Assume that the only missing accounts are accounts receivable, notes payable, and retained earnings. Everything else is assumed to be zero. (10 pts.) 7. Giventhe information for The Whitewasher Corp. in #8 above, calculate the Quick Ratio, Days Sales Outstanding, Fixed Assets Turnover, Debt ratio, Equity Multiplier and Market to Book ratio. Also, if Whitewashers ROE was 11.4% for 2013, what must have been its Profit Margin for 2013? (10 pts.)
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