Cullumber Corporation Income Statement for the Fiscal Year Ended July 31, 2017 Net sales Cost of products sold Gross profit Selling, general, and administrative expenses Depreciation Operating income (loss) Interest expense Earnings (loss) before income taxes Income taxes Net earnings (loss) $51,265 31,255 $20,010 6,533 742 $12,735 389 $12,346 2,475 $9,871 Cullumber Corporation Balance Sheet as of July 31, 2017 Assets Cash and marketable securities Accounts receivable Inventory Deferred income taxes Prepaid expenses & other receivables Liabilities and Stockholders' Equity $3,827 3,398 2,893 6,467 $16,585 $5,471 Accounts payable 5,491 Accrued and other liabilities 6,230 Taxes payable 615 1,962 $19,769 43,727 15,537 $28,190 11,390 Debt due within one year Total current liabilities Total current assets 17,000 4,832 3,926 $42,343 2,567 14,439 17,006 $59,349 Property, plant, and equipment, at cost Less: Accumulated depreciation Net property, plant, and equipment Net goodwill and other intangible assets Long-term debt Deferred income taxes Other non-current liabilities Total liabilities Common stock Retained earnings Total stockholders' equity Total assets $59,349 Total liabilities and stockholders' equity Calculate the following ratios: (Do not round intermediate calculations. Round number of days answer to 1 decimal place, e.g other answers to 2 decimal places, e.g. 52.75. Use 365 days for calculation.) a. Inventory turnover b. Days' sales outstanding c. Total asset turnover d. Fixed asset turnover e. Total debt ratio f. Debt-to-equity ratio g. Times interest earned ratio h. Cash coverage ratio days Question Attempts