Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Further, assume the following: The firm pays out 60% of its net income as a dividend to its common stockholders. The firm has 130 million
Further, assume the following:
- The firm pays out 60% of its net income as a dividend to its common stockholders.
- The firm has 130 million shares outstanding.
- 80% of Net Sales are credit sales.
- The market price per share is $22.49.
What is the firm's days' sales in inventory? Assume a 365-day year. (Round your answer to two decimal places.)
What is the firm's capital intensity ratio? (Round your answer to two decimal places.)
What is the firm's profit margin? (Round your answer to two decimal places and express in percentage form, e.g. x.xx%.)
What is the firm's times interest earned (TIE) ratio? (Round your answer to two decimal places.)
Rainbow Company 2019 Income Statement (in millions of dollars)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started