Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Islamic Finance

Authors: Karen Hunt-Ahmed

1st Edition

1118180909, 978-1118180907

More Books

Students also viewed these Finance questions

Question

The nature and importance of the global marketplace.

Answered: 1 week ago