Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Average net accounts receivable $8,000 $4,200 Average inventory 6,900 34,300 Net cash provided by operating activities 5,800 26,300 Capital expenditures 1,600 11,700 Dividends 490
Average net accounts receivable $8,000 $4,200 Average inventory 6,900 34,300 Net cash provided by operating activities 5,800 26,300 Capital expenditures 1,600 11,700 Dividends 490 4,400 For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, e.g. 15.50, debt to assets ratio and free cash flow answers to O decimal places, e.g. 5,275 and all answers to 1 decimal place, e.g. 1.8 or 1.83%.) Ratio (1) Current ratio (2) Accounts receivable turnover (3) Average collection period (4) Inventory turnover (5) Days in inventory (6) Profit margin (7) Asset turnover (8) Return on assets Target 1.9 :1 Wal-Mart .89 :1 8.3 times 96.9 times 44 days 3.8 days 6.4 times 9.0 times 57 days 40.6 days % times % times % % Return on common stockholders' (9) % % equity (10) Debt to assets ratio % % (11) Times interest earned times times (12) Free cash flow +A $ +A
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