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SOURCES Problem 5-1 (Real Data) Imation, a global technology company, reported the following selected items as part of its 2014 annual report (dollars in millions):

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SOURCES Problem 5-1 (Real Data) Imation, a global technology company, reported the following selected items as part of its 2014 annual report (dollars in millions): Real Data 2014 2013 $132.6 ts by Study Cash $114.6 Accounts receivable 134.4 Inventory 57.7 Current assets 339.4 Total assets 499.2 Current liabilities 212.6 Shareholders' equity 240.8 Sales 729.5 Cost of goods sold 591.1 Interest expense 2.6 Net loss before taxes (109.3 ) Net loss (112.4) 84.3 429.0 641.8 231.1 373.2 Assume a 0 percent tax rate Compute the following ratios (Round answers to 2 decimal places, s 1.25. Enter negative answers using either a negative in preceding th 1. Current ratio 2. Quick ratio 3. Receivable turnover times) 373.2 Shareholders' equity Sales Cost of goods sold Interest expense Net loss before taxes Net loss 240.8 729.5 591.1 2.6 (109.3 ) (112.4) Assume a 0 percent tax rate. Compute the following ratios: (Round answers to 2 decimal places, e.g. 1.25. Enter negative answers using either a negative sign preceding the 1. Current ratio 2. Quick ratio 3. Receivable turnover (times) 4. Interest coverage 5. Return on assets 6. Inventory turnover (times) 7. Return on equity

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