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The following data apply to Jacobus and Associates (millions of dollars): Cash$400 Fixed Income$4,300 Sales$14,600 Net Income$730 Quick Ratio2.0 Current Ratio3.0 DSO40 days ROE12.5% Jacobus
The following data apply to Jacobus and Associates (millions of dollars):
Cash$400
Fixed Income$4,300
Sales$14,600
Net Income$730
Quick Ratio2.0
Current Ratio3.0
DSO40 days
ROE12.5%
Jacobus has no preffered stock-only common equity, current liabilities, and long-term debt.
Substitute you calculated profit margin, total asset turnover, and equity multiplier into the DuPont equation and verify that resulting ROE is 12.5%
Find Jacobus's
(1) Accounts receivable,
(2) current liabilities,
(3) current assets,
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