Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Adobe Inc. had 38000 outstanding shares in 2020. The market price per share = $14. Some ratios and accounts for the company are listed below.
Adobe Inc. had 38000 outstanding shares in 2020. The market price per share = $14. Some ratios and accounts for the company are listed below. Use this information to answer the following questions. Note: the company has no preferred stocks. Adobe Inc. Year Ended December 31, 2020 Sales = 1000000 Accounts receivables = 50000 Earnings per share = 2.4 Current ratio = 2 Total assets = 8800000 Long term debt = 20000 Interest coverage ratio = 4 Current assets = 90000 What is the average collection period? What is the company's earnings available for common stockholders in 2020? What is the company's debt ratio in 2020? Calculate the Return on equity. Calculate the P/E ratio. What is the company's net profit margin in 2020
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started