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Using spread sheet above: 1) What is the Total Asset Turnover Ratio? 2) What is the Inventory Turnover Ratio? 3) What is the Equity Multiplier
Using spread sheet above:
1) What is the Total Asset Turnover Ratio?
2) What is the Inventory Turnover Ratio?
3) What is the Equity Multiplier ratio?
4) What is the Debt to Equity Ratio?
5) What is the Total Debt Ratio?
2019 2,570 2018 2,820 Current Assets Cash Accounts Receivable Inventory Total 8,100 7,875 Balance Sheet ($ in millions) 2019 2018 Current Liabilities 405 310 3,055 2,640 Long-term Debt 3,850 3,275 Owner's Equity 7,310 6.225 Common Stock 10,670 10,960 Retained Earnings Total 17,980 17,185 Total Liabilities and Equity Fixed Assets 5,250 2,060 7,310 17,980 5,000 1,490 6,490 17,185 Total Assets Income Statement 2019 ($ in millions) Sales Cost of Goods Sold Depreciation EBIT Interest Taxable Income Taxes Net Income 9,610 6,310 1,370 1,930 630 1.300 455 845 Dividend Retained Earnings 275 570Step by Step Solution
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