Desklift Co. Balance sheet and Income Statement questions

Desklift Co. The balance sheet and income statement shown below are for Desklift Co. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets 2016 Cash and securities $ 1,554.0 Accounts receivable 9,660.0 Inventories 13.440.0 Total current assets $24,654.0 Net plant and equipment 17.346.0 Total assets $42.000.0 Liabilities and Equity Accounts payable $ 7,980.0 Notes payable 5.880.0 Accruals 4.620.0 Total current liabilities $18.480.0 Long-term bonds 10.920.0 Total liabilities $29,400.0 Common stock 3,360.0 Retained earnings 9.240.0 Total common equity $12.600.0 Total liabilities and equity $42,000.0 Income Statement (Millions of S) Net sales Operating costs except depr'n Depreciation Earnings befint and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 2016 $58,800.0 $54,978.0 $ 1,029.0 $ 2,793.0 1,050.0 $ 1,743.0 S 610.1 $ 1.133.0 175.00 $ 509.83 6.25% 35% $77.69 1. Refer to the data for Desklift Co. What is the firm's total assets turnover? answer: 1:40) 2. Refer to the data for Desklift Co. What is the firm's inventory turnover ratio? answer: 4.17) 3. Refer to the data for Desklift Co. What is the firm's days sales outstanding? Assume a 360-day year for this calculation. (answer: 59:14) 4. Refer to the data for Desklift Co. What is the firm's ROE? answer: 8.99) 5. Refer to the data for Desklift Co. What is the firm's profit margin? answer: 1:93)