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A companys cost of goods sold is 25% of its sales, which are $120,000. Moreover, it has $1,500 in its inventories. The debt-to-equity ratio is
A companys cost of goods sold is 25% of its sales, which are $120,000. Moreover, it has $1,500 in its inventories. The debt-to-equity ratio is 0.8. In addition, the current liabilities, which are $4,000, are the 50% of its long-term liabilities. Moreover, current assets are 30% of its total assets. Calculate the following:
a. Inventory turnover ratio & average days in inventory
b. Asset turnover ratio
c. Total debt ratio
d. Current ratio
e. Quick ratio
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