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Current Attempt in Progress The financial information below was taken from the annual financial statements of Pharoah Videos: 2014 2013 Current assets $133,400 $126,500 Current

Current Attempt in Progress

The financial information below was taken from the annual financial statements of Pharoah Videos:

2014

2013

Current assets

$133,400

$126,500

Current liabilities

48,000

64,400

Total liabilities

211,200

210,600

Total assets

588,000

597,000

Net sales

632,000

644,000

Net credit sales

620,000

621,000

Cost of goods sold

348,800

330,000

Inventory

60,000

55,800

Receivables (net)

35,200

31,400

Dividends

10,400

12,600

Capital expenditures

17,600

23,600

Net income

59,200

45,600

Net cash provided by operating activities

38,400

44,000

Calculate the following ratios for Pharoah Videos for 2014. (Round Free cash flow to 0 decimal place, e.g. 12. Other all answers to 2 decimal places, e.g. 12.21.)

1.

Average collection period

enter a number of days rounded to 2 decimal places

days

2.

Current ratio

enter ratio rounded to 2 decimal places

:1

3.

Debt to assets ratio

enter percentages rounded to 2 decimal places

%

4.

Return on assets

enter percentages rounded to 2 decimal places

%

5.

Profit margin

enter percentages rounded to 2 decimal places

%

6.

Asset turnover

enter a number of times rounded to 2 decimal places

times

7.

Inventory turnover

enter a number of times rounded to 2 decimal places

times

8.

Free cash flow

$enter a dollar amount rounded to 0 decimal places

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