Question
Long-term debt ratio 0.1 Times interest earned 8.0 Current ratio 1.4 Quick ratio 1.0 Cash ratio 0.4 Inventory turnover 4.0 Average collection period 73 days
Long-term debt ratio | 0.1 | ||
Times interest earned | 8.0 | ||
Current ratio | 1.4 | ||
Quick ratio | 1.0 | ||
Cash ratio | 0.4 | ||
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: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.)
Long-term debt ratio | 0.1 | ||
Times interest earned | 8.0 | ||
Current ratio | 1.4 | ||
Quick ratio | 1.0 | ||
Cash ratio | 0.4 | ||
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: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.)
INCOME STATEMENT
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