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Suppose that you are given the following data for Niles Company: Note: The data and calculations are based on a 365-day year. Cash and equivalents

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Suppose that you are given the following data for Niles Company: Note: The data and calculations are based on a 365-day year. Cash and equivalents $900,000 Fixed assets $2,600,000 Sales $10,000,000 Net income $450,000 Current liabilities $960,000 Current ratio 2.5 DSO 18.25 ROE 12.00% Fill in the table with the appropriate values. (Hint: Use the formulas you learned in the video and exercises in the previous stage of the problem.) Accounts receivable Current assets $ S Total assets S Fill in the table with the appropriate values. (Hint: Use the formulas you learned in the video and exercises in the previous stage of the problem.) Hint: Recall that Current Assets = Cash and Equivalents + Accounts Receivable + Inventories. ROA Common equity s Quick ratio Hint: Recall that Total Liabilities and Equity = Total Assets. Long term debt is Suppose that Niles could reduce its DSO from 18.25 to 12, and use the cash that was generated to buy back common stock at book value. Use the table to indicate the change in accounts receivable, ROA, ROE, and total debt/total capital ratio. Increase Decrease Does not change Accounts receivable ROA ROE Total debt/total capital ratio

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