Question
Item7 2.5points eBook Print Check my workCheck My Work button is now enabled4 Item7 Long-term debt ratio 0.2 Times interest earned 8.0 Current ratio 1.5
Item7
2.5points
eBook
Check my workCheck My Work button is now enabled4
Item7
| Long-term debt ratio | 0.2 | |
|---|---|---|
| Times interest earned | 8.0 | |
| Current ratio | 1.5 | |
| Quick ratio | 1.0 | |
| Cash ratio | 0.9 | |
| Inventory turnover | 4.0 | |
| Average collection period | 73 | days |
Use the above information from the tables to work out the following missing entries, and then calculate the companys return on equity. Note: Inventory turnover, average collection period, and return on equity are calculated using start-of-year, not average, values.
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Succeeding in Business with Microsoft Excel 2013 A Problem Solving Approach
Authors: Debra Gross, Frank Akaiwa, Karleen Nordquist
1st edition
978-1285099149, 9781285963969, 1285099141, 1285963962, 978-1285715346
