Use the Bristol Myers Squibb financial statements.

Showing all calculations; calculate the following ratios: 2. ROA and 1. ROE

3. Inventory turnover and 4. Accounts Receivable turnover

5. Current and 6. Quick (acid) ratios

7. Debt to equity ratio.

Ratios:

1. Return on Equity (ROE) = Net Income/ Average common Shareholders Equity

2. Return on Assets (ROA) = Net Income+Interest Expense(1-Tax rate)/ Average Assets

3. Inventory Turnover = Cost of Sales/ Average Inventory

4. Accounts Receivable Turnover = Sales/ Average Accounts Receivable

5. Current Ratio = Current Assets/ Current Liabilities

6. Quick (acid) Ratio = Cash+Mktbl. Securities+Accts. Receivable/Current Liabilities

7. Debt to Equity = Total Liabilities/ Common Equity (point in time)

please email for bank statements chegg does not let me load it. aproenza81@aol.com