Question
Prince Canning PLC had EBIT of $81,654 and Interest payments of $14,300. Its Net income was $43,780 and Sales was $366,996; it had current assets
Prince Canning PLC had EBIT of $81,654 and Interest payments of $14,300. Its Net income was $43,780 and Sales was $366,996; it had current assets of $150,000 and current liability of $100,000. Their total asset was $432,379 and total equity was $283, 606. Its current assets were $250,000 and current liabilities were $185,000
a.) Calculate its current ratio
b.) Calculate debt coverage ratio (Times interest earned)
c.) Calculate: profit margin (PM), total assets turnover (TAT) and equity multiplier (EM)
d.) Calculate its ROE using The DuPont identity
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