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Calculate the quick ratio for both years, the return on equity for both years, and the net profit margin for both years 3. Powell Panther

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Calculate the quick ratio for both years, the return on equity for both years, and the net profit margin for both years

3. Powell Panther Corporation: Income Statement for Year Ending December 31 (Millions of Dollars) 2000 - 1999 Sales Operating costs excluding depreciation Depreciation Earning before interest and taxes Less interest Earning before taxes Taxes (40%) Net income || || $1,200.0- _1,020.0 30.0- $150.0- 21.7> $128.3- 51.35 $ 77.0> $1,000.0 || 850.0 25.0" $125.0" .20.2 $ 104.8|| 41.9 $ 62.9 | Powell Panther Corporation: Balance Sheets as of December 31 (Million of Dollars) | 2000 - 1999 ASSET Cash and marketable Securities Accounts receivable Inventories Net plant and equipment Total assets | $12.0> 180.0- 180.0> 300.0> $672.0> $ 10.0 150.0 200.0 250.0 $ 610.0 LIBILITES AND EUITY - 1 Accounts payable Notes payable | Accruals> > Long-term bonds Common stock (50 million shares) Retained earnings Common equity> > Total liabilities and equity $108.0 67.0 72.0 > 150.0 50.0- 225.0 > $ 275.0> $672.0- $90.01 51.0" 60.0 150.0 50.0|| .208.5|| $ 258.5|| $610.0

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