Question
Use the following selected financial information for Cooler Company to answer the remaining test questions: Net sales 2,870 Cost of goods sold 1,985 Gross profit
Use the following selected financial information for Cooler Company to answer
the remaining test questions: |
|
Net sales | 2,870 |
Cost of goods sold | 1,985 |
Gross profit | 885 |
Operating expenses | 620 |
Operating profit | 265 |
Interest expense | 40 |
Earnings before taxes | 225 |
Income tax expense | 80 |
Net profit | 145 |
Accounts receivable | 70 |
Inventory | 150 |
Total current assets | 260 |
Total assets | 860 |
Accounts payable | 85 |
Total current liabilities | 130 |
Long-term debt | 240 |
Total liabilities | 370 |
Total stockholders' equity | 490 |
Total liabilities and equity | 860
|
Calculate the average collection period.
Calculate inventory turnover.
Calculate the debt ratio.
Calculate the operating profit margin.
Calculate retun on equity
Calculate total asset turnover.
Step by Step Solution
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Step: 3
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