Question
Problem 4-22 Financial Ratios (LO3) Current ratio Quick ratio Long-term debt ratio 0.3 Times interest earned 8.0 1.1 1.0 0.3 Inventory turnover 4.0 73
Problem 4-22 Financial Ratios (LO3) Current ratio Quick ratio Long-term debt ratio 0.3 Times interest earned 8.0 1.1 1.0 0.3 Inventory turnover 4.0 73 days Cash ratio Average collection period Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Inventory turnover, average collection period, and return on equity are calculated using start-of-year, not average, values. Complete this question by entering your answers in the tabs below.
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