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Just need the ones left blank. thank you a. Calculate the indicated ratios for Lozano. Do not round intermediate calculations. Round your Ratio Lozano Industry
Just need the ones left blank. thank you
a. Calculate the indicated ratios for Lozano. Do not round intermediate calculations. Round your Ratio Lozano Industry Average Current assets/Current liabilities 2.01 2.0 Days sales outstanding* 76.65 days 35.0 days COGS/Inventory 5.67 6.7 Sales/Fixed assets 5.5 12.1 Sales/Total assets 1.75 3.0 Net income/Sales 1.2% Net income/Total assets 1.55 2.7 6.6 % 3.6% Net income/Common equity 9.0% Total debt/Total assets % 30.0% Total liabilities/Total assets 59.07 % 60.0% *Calculation is based on a 365-day year. b. Use the extended DuPont equation to calculate ROE for both Lozano and the industry. Do not round intermediate calculations. Round your answers to two decimal places. For the firm, ROE is For the industry, ROE is Data for Lozano Chip Company and its industry averages follow. Lozano Chip Company: Balance Sheet as of December 31, 2018 (Thousands of Dollars) 1,34 Cash $ 235,000 Accounts payable $ 601,866 Receivables 1,575,000 Notes payable 326,634 Inventories 1,125,000 Other current liabilities 531,000 Total current assets $2,935,000 Total current liabilities $1,459,500 Net fixed assets 1,345,000 Long-term debt 1,068,750 Common equity 1,751,750 Total assets $4,280,000 Total liabilities and equity $4,280,000 Lozano Chip Company: Income Statement for Year Ended December 31, 2018 (Thousands of Dollars) Sales $7,500,000 Cost of goods sold 6,375,000 Selling, general, and administrative expenses 820,000 Earnings before interest and taxes (EBIT) $ 305,000 Interest expense 111,631 Earnings before taxes (EBT) $ 193,369 Federal and state income taxes (40%) 77,348 Net income $ 116,021Step by Step Solution
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