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Question 1 (12 points) Galaxy Interiors 2009 Income Statement ($ in millions) Net sales $21,415 Cost of goods sold 16,408 Depreciation 1.511 Earnings before interest

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Question 1 (12 points) Galaxy Interiors 2009 Income Statement ($ in millions) Net sales $21,415 Cost of goods sold 16,408 Depreciation 1.511 Earnings before interest and taxes 3.396 Interest paid 1.282 Taxable Income $2,114 Less; Taxes 740 Net income $1,374 Galaxy Interiors 2008 and 2019 Balance Sheets (5 in millions) 2008 2009 2008 2069 Cash $668 $297 Accounts payable $1,694 $1,532 Accounts receivable 1,611 1,527 Notes payable 2.500 Inventory 3,848 2.947 Totall $4,194 $1,532 Total $6.127 $4.771 Long-term debt 9,800 10,650 Net fixed assets 17/489 17.107 Common stock 7,500 7,000 Retained earnings 2,122 2,696 Total assets $23.616 $21.878 Total liab. & equity $23,616 $21,878 1) What is the firm's quick ratio in 2019? 2) What is the firm's days sales outstanding in 2019? Assume a 365-day year for this calculation. 3) What is the firm's total assets turnover in 2019? 4) What is the firm's debt ratio in 2018 and 2019 respectively? What can you tell from the change? 5) What is the firm's ROA in 2019? 6) What is the change in the net working capital from 2018 to 2019? Is this "use" or "source" or cash? Please explain. 7) What is the DuPont Ratio in 2019? Show the three components of DuPont Ratio

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