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The following data apply to JJ Associates (millions of dollars): Cash $ 400 Fixed assets $ 4,300 Sales $14,600 Net income $ 730 Quick ratio
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
(a) accounts receivable,
(b) current liabilities,
(c) current assets,
(d) total assets,
(e) ROA,
(f) common equity,
(g) long-term debt.
please show your step by step calculations
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