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The following data apply to JJ Associates ( millions of dollars ) : Cash $ 4 0 0 Fixed assets $ 4 , 3 0

The following data apply to JJ Associates (millions of dollars):
Cash $ 400
Fixed assets $ 4,300
Sales $14,600
Net income $ 730
Quick ratio 2.0
Current ratio 3.0
Days Sales Outstanding (DSO)40 days
Return on Common Equity (ROE)12.5%
JJ has no preferred stockonly common equity, current liabilities, and long-term debt.
Calculate JJs
(1) accounts receivable
(2) current liabilities
(3) current assets
(4) total assets
(5) ROA
(6) common equity
(7) long-term debt.

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