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Following are the current asset and current liability sections of the balance sheets for Freedom Inc. at January 31, 2020 and 2019 (in millions): January
Following are the current asset and current liability sections of the balance sheets for Freedom Inc. at January 31, 2020 and 2019 (in millions): January January 31, 2020 31, 2019 $ 9 5 8 $ 6 8 12 $ 26 $ 22 Current Assets Cash Accounts receivable Inventories Total current assets Current Liabilities Note payable Accounts payable Other accrued liabilities Total current liabilities $ 4 $ 4 4 4 1 4 $ 12 $ 9 Required: a. Calculate the working capital and current ratio at each balance sheet date. (Enter "Working capital in millions of dollars (i.e., 10,000,000 should be entered as 10). Round your "Current ratio" to 2 decimal places.) 01/31/2020 01/31/2019 Working capital Current ratio Firm J has net income of $95,520, sales of $995,000, and average total assets of $497,500. Required: Calculate Firm J's margin, turnover, and return on investment (ROI). Margin Choose Numerator: / Choose Denominator: / Margin Margin II 1 II Turnover Choose Numerator: 1 Choose Denominator: II Turnover Turnover 1 II 1 Choose Numerator: Return on Investment 1 Choose Denominator: / 1 = Return on Investment Return on Investment =
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