Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Kindly to provide me with the steps of working Thanks Finance 1 (503101) Homework #1 Soft company has the following financial information: Total assets $20,000,000
Kindly to provide me with the steps of working Thanks Finance 1 (503101) Homework #1 Soft company has the following financial information: Total assets $20,000,000 Current assets 40% of the total assets Total equity $11,500,000 Long term debt 60% of the total liabilities Accounts payable 30% of the current liabilities Inventory 35% of the current assets Cogs $45,000,000 Gross profit $30,000,000 Accounts receivable $1,500,000 Interest expenses 2,000,000 Tax expenses 1,800,000 Net income 16,200,000 Number of common 8,000,000 stocks Find: 1. Current ratio. 2. Quick ratio. 3. Inventory turnover. 4. Average age of inventory. 5. Receivable collection period. 6. Average payment period. 7. Total assets turnover. 8. Debt ratio. 9. TIE 10. Gross profit margin. 11. Operating profit margin. 12. Net profit margin 13. EPS. 14. ROA. 15. ROE
Kindly to provide me with the steps of working
Thanks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started