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.
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.
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