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Calculate the Quick Ratio, Long-Term Debt Ratio, Days' Sales in Inventory and ROE for Textbook Publishing, Inc. in 2020, given the following information: Textbook Publishing,
Calculate the Quick Ratio, Long-Term Debt Ratio, Days' Sales in Inventory and ROE for Textbook Publishing, Inc. in 2020, given the following information: Textbook Publishing, Inc. 2020 Income Statement ($ in millions) Net Sales $1,384 Cost of Goods Sold 605 Depreciation 180 EBIT 599 Interest Expense 80 Taxable 519 Income Taxes 156 Net Income 363 Dividends Paid 109 Computers R Us 2019 & 2020 Balance Sheets ($ in millions) 2019 2020 2019 2020 Cash 100 121 Accounts Payable 400 350 Accounts Receivable 350 425 Notes Payable 390 370 Inventory 440 410 Total 790 720 Total 890 956 Long Term Debt 500 550 Net Fixed Assets 1,556 1,704 Common Stock 600 580 556 810 Retained Earnings Total Liab & Equity Total Assets 2,446 2,660 2,446 2,660
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