Question
The following data apply to KMart (millions of dollar): Cash and Marketable $ 100.00 Securities Fixed Assets $283.50 Sales $1,000.00 Net Income $ 50.00 Quick
The following data apply to KMart (millions of dollar):
Cash and Marketable $ 100.00
Securities
Fixed Assets $283.50
Sales $1,000.00
Net Income $ 50.00
Quick Ratio 2.0X
Current Ratio 3.0X
Days Sales Outstanding 40 Days
Return on Equity 12%
Find K-Mart:
Accounts receivable
Current Liabilites
Current assets.
Total Assets
Return on Assets
Common Equity
Long Term Dept
Hint. For Q (1) begin with the equation for Days Sales Outstanding= (Accounts Receivable over Sales/360), then solve for Accounts Receivable.
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Extinction Governance Finance And Accounting
Authors: Jill Atkins, Martina Macpherson
1st Edition
0367492989, 978-0367492984
