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problem 10 please 9. Northern Industries has accounts receivable of $42,300, inventory of $61,200, sales of $544,200, and cost of goods sold of $393,500. How
problem 10 please
9. Northern Industries has accounts receivable of $42,300, inventory of $61,200, sales of $544,200, and cost of goods sold of $393,500. How many days, on average, does it take the firm to sell its inventory? (Note, only to sell the goods and not to also collect the money.) A) 93.08 B) 74.92 C) 85.14 D) 56.77 E) 80.46 10. Sun Shade's has sales of $363,000, total assets of $323,500, and a profit margin of 14.6 percent. The firm has a debt-equity ratio of 1.174. What is the return on equity? A) 28.45 percent B) 35.61 percent C) 23.29 percent D) 31.74 percent E) 7.88 percent 11. Riverton Stores has no interest expense and has net sales of $217,800, taxable income of $32,600, a return on assets of 11.5 percent, a tax rate of 21 percent, and total debt of $63,700. What are the values for the three components of the DuPont identity? A) 11.82 percent; .9725; 1.3975 B) 11.82 percent; 1.0282, 1.3975 C) 11.82 percent; 9725: 7156 D) 10.24 percent; 1.0282; -7156 E) 10.24 percent, 1.0282; 1.3975 LEDE 12. You just won $17,500 and deposited your winnings into an account that pays 6.7 percent interest per wait until your winnings are worth $50,000Step by Step Solution
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