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Imation, a global technology company, reported the following selected items as part of its 2014 annual report (dollars in millions): 2014 Cash Accounts receivable Inventory
Imation, a global technology company, reported the following selected items as part of its 2014 annual report (dollars in millions): 2014 Cash Accounts receivable Inventory Current assets Total assets Current liabilities Shareholders' equity Sales Cost of goods sold Interest expense Net loss before taxes Net loss $114.6 134.4 57.7 339.4 499.2 212.6 240.8 729.5 591.1 2013 $132.6 163.3 84.3 429.0 641.8 231.1 373.2 2.6 (109.3) (112.4) Assume a 0 percent tax rate. Compute the following ratios: (Round answers to 2 decimal places, e.g. 1.25. Enter negative answers using either a negative sign preceding the number e.g.-15.25 or parentheses e.g. (15.25).) 1. Current ratio 2. Quick ratio 3. Receivable turnover (times) 4. Interest coverage 5. Return on assets 6. Inventory turnover (times) T 7. Return on equity
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