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Hello, I would like help with the following question. Please show the formula used and how you reached the answer as well. Thank you. Use

Hello, I would like help with the following question. Please show the formula used and how you reached the answer as well. Thank you.

Use the Income Statement and Balance Sheet to calculate the most important 2014 working capital ratios.

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a) Quick Ratio

b) Current Ratio

c) Cash Ratio

d) Receivables Turnover (use average accounts receivable)

e) Inventory Turnover (use average inventory)

f) Payables Turnover (use average accounts payable)

g) Average Collection Period (in days) (Also called Receivables Period or Days Sales in Receivables)

h) Inventory Period

i) Payables Period

j) Operating Cycle

k) Cash Cycle

l) Return on Equity

m) Cash Collections from Customers

n) Cash Paid to Suppliers

Hampton Bay 2013 and 2014 Balance Sheets S millions) 2013 2014 2014 Current assets Current liabilities 74 165 312 $ 231 543 S 531 $ 98 178 Accounts payable 344 196 540 457 Accounts receivable Invento Notes payable Total Total Long-term debt Owners' equity Fixed assets Common stock and paid-in surplus Retained earnings Net plant and equipment S27315.2.80 s s00 $ 550 - - - 1799 $2041 S2,299 $2,591 Total Total assets Total liabilities and equity S3373 S 3,588 Hampton Bay 2014 Income Statement $ 2,311 $1,244 276 791 Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income 650 187 463 Dividends Additions to retained earnings 121 342

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