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Medtronics is a world leader in medical technology. The following selected data are adapted from it recent annual report. (Dollar amounts an: stated in millions.)
Medtronics is a world leader in medical technology. The following selected data are adapted from it recent annual report. (Dollar amounts an: stated in millions.) The company has long-term liabilities that boar interest at annual rates ranting from b percent to 8 percent Compute the company's current ratio at the beginning of the year and the end of the year. (Carry to two decimal places.) Compute the company's working capital at the beginning of the year and the end of the year. (Express dollar amounts in thousands ) Is the company's short-term debt-paying ability improving or deteriorating? Compute the company's return an average total assets and return on average stockholders' equity. (Round average assets and average equity to the nearest dollar and final computations to the nearest I percent. As an equity investor, do you think that Medtronic's management is utilizing the company's resources in a reasonably efficient manner? Explain At the end of the year, the following information was obtained from the accounting. records of a. from the information given, compute die following. Inventory turnover. Accounts receivable turnover Total operating expenses. gross profit percentage. Return on average stockholders' equity. Return on average assets
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