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I finished the first three requirements, can I get help with finishing requirement 3 through 6? Consider the following four-year selected financial data for Latte,
I finished the first three requirements, can I get help with finishing requirement 3 through 6?
Consider the following four-year selected financial data for Latte, Inc. |(Click the icon to view the selected financial data.) ) Financial Data - X Latte, Inc. Requirements Operating Results: Four-Year Selected Financial Data Years Ended January 31, 2019-2016 2019 2018 $ 13,845 $ 13,674 $ 9,703 8,591 2017 2016 Net Sales Revenue Using the financial data presented above, compute the following ratios and evaluate Latte's results for 2019-2017 Rate of retum on common stockholders' 1. Profit margin ratio 3. Inventory turnover 5. equity 2. Eamings per share 4. Times interest-earned ratio 6. Gross profit percentage (For your calculation lines, enter a single value into each input cell. Do not enter any math operators [+. x, etc.] Abbreviations used: #= number, Avg. = average, exp. = expense; NI = Net income loss); o's = outstanding.) 9,050 11,639 $ 6,770 Cost of Goods Sold 5,319 L 108 72 41 42 R 332 1,457 1,815 1,330 248 99 266 334 (9) 880 1,126 820 Interest Expense Income from Operations Income Tax Expense Net Income (Net Loss) () Cash Dividends on Common Stock Financial Position: Merchandise Inventory Total Assets 70 74 73 72 Print Done 1,684 1,460 1,906 7,015 1,052 3,967 7,593 5.185 Requirement 3. Compute and evaluate Latte's Inventory turnover for 2019-2017. (Round the amounts you enter into the formula to Current Ratio 1.44:1 0.98:1 1.31:1 1.13:1 Cost of goods sold + Avg. merchandise inventory = 3,022 2.936 2,624 1,590 Inventory turnover times 2019 Stockholders' Equity Average Number of Shares of Common Stock Outstanding + 854 874 896 586 2018 times 2017 timesStep by Step Solution
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