Question
THE MERTZON MINERAL WATER COMPANY HAS THE FOLLOWING FINANCIAL DATA: (in no particular order) SALES $2,500 NET PROFITS $350 INVENTORY $200 FIXED ASSETS $500 BONDS
THE MERTZON MINERAL WATER COMPANY HAS THE FOLLOWING FINANCIAL DATA: (in no particular order)
SALES $2,500 NET PROFITS $350
INVENTORY $200 FIXED ASSETS $500
BONDS $300 CASH $350
ACCOUNTS RECEIVABLE $120 COMMON STOCK $220
ACCOUNTS PAYABLE $200 RETAINED EARNINGS $150
PAID-IN CAPITAL $400 MARKETABLE SEC. $250
NOTES PAYABLE $150 COST OF GOODS SOLD $1,700
# COMMON STOCK SHARES 108 INTEREST $80
EBIT $600 CURRENT STOCK PRICE $55
BASED ON THE INFORMATION ABOVE, CALCULATE THE:
F. AVERAGE COLLECTION PERIOD
G. INVENTORY TURNOVER
H. EPS
I. PRICE/EARNINGS RATIO
J. TIMES INTEREST EARNED
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