Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

company reported an EPS of $2.70 on revenues of $660 million. The company has 12 million shares outstanding. Total assets are $570 million, current liabilities

company reported an EPS of $2.70 on revenues of $660 million. The company has 12 million shares outstanding. Total assets are $570 million, current liabilities equal $117 million, and longterm debt is $183 million. Net fixed assets are worth $345 million. Given this information, which one of the following statements is correct?

A.total asset turnover is 3.67.

B.debtequity ratio is 0.75.

C.current ratio is 1.75.

D.net working capital is $108 million.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions