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Review the scenario and data provided below. Use the data to calculate the ratios. Sunshine Sunglass Company is preparing its quarterly reports. During the quarter,
Review the scenario and data provided below. Use the data to calculate the ratios.
Sunshine Sunglass Company is preparing its quarterly reports. During the quarter, the company had the following data:
Liabilities $25 million
Inventory $3 million
Debt $20 million
Assets $50 million
Profits before interest and taxes $7 million
Interest charges $1 million
Sales $100 million
Net profit after taxes $5 million
Employees 7,000
Revenue $10 million
Days in inventory 100
Earnings per share $2.75 on 100,000 shares outstanding
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