Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Marco just reported an EPS of $2.64 on revenues of $360 million and it has 12 million shares outstanding. Total assets are $200 million, current
Marco just reported an EPS of $2.64 on revenues of $360 million and it has 12 million shares outstanding. Total assets are $200 million, current liabilities equal $60 million, and long-term debt is $100 million. Net fixed assets are $150 million. Which of the following statements is correct?
a. | Marco's current ratio is 1.2. | |
b. | Marco's net working capital is -10. | |
c. | Marco's total asset turnover is 2.8. | |
d. | Marco's debt-equity ratio is 6. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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