Lighting Industry SalesTotal Discuss the factors from pan b that added or detracted from one firm having a higher return on stockholders' equity than the other firm computed in part a. are necessary Explain whs the timestmenti ratio of 8 percent IS. A firm has sales of $3 million, and 10 percent of the sales are for cash. The year-end accounts receivable balance is $285,000 What is the average collection period ratio is 40 percent, what is the return on Ir the firm had mo debt te Problems accounts receivable are equal to $30,000, what is the value for average daily he Buners Corporstion a Butters Corporation has a profit margin of 7 percent and its return on 2010 and 2011: eory imestment) is 25.2 percent. What is its assets is ratio of 50 percent, what Cost of goods sold would the firm's retun on equity be? 5t0.000 000 decreased to 35 percent? 16 Jerry Rice and Grain Stores has $4,780,000 in yearly sales. The firm 45 percent on each dollar of sales and turas over its assets 2.7 times has $123,000 in current liabilitles and $349,.000 in kong-term liabilities. per year. It If the asset hase remains the same as computed in part a, but total asset turnover goes up to 3 what will be the new return on stockholders Assume that the profit margin stays the same as do current and long-term c What conclusions can you draw from part a and part b 21. Jim Shon's Company makes clothing for schools. Sales in 2013 were h 17. Assume the following data for Cable Corporation and Multi-Media Inc. LOP2 S 163.000 889.000 411,000 Multi-Media Corporation Not plant and 317,000 402,000 163,000 239.000 $ 140,000 2.700,000 965,000 542,000 Total debt Compute the following: I. Accounts receivable turnover 2. Inventory turnover a. a. Compute return on stockholders' equity for both firms using Ratio 3a Which firm has the higher return? 4. Toal asset turnover