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Young, Inc. 2018 Statement of comprehensive income ($ in millions) Net sales $1384 Less; cost of goods sold 605 Less: Depreciation 180 earnings before interest
Young, Inc. 2018 Statement of comprehensive income ($ in millions)
Net sales | $1384 |
Less; cost of goods sold | 605 |
Less: Depreciation | 180 |
earnings before interest and taxes | 599 |
less; interest paid | 80 |
taxable income | 519 |
Less; taxes | 156 |
Net income | 363 |
addition to retained earnings | 254 |
dividends paid | 109 |
Young Inc 2017 and 2018 statement of financial position ( $ in millions)
2017 | 2018 | 2017 | 2018 | ||
cash | $100 | $121 | accounts payable | $400 | $350 |
accounts receivable | 350 | 425 | notes payable | 390 | 370 |
inventory | 440 | 410 | total | 790 | 720 |
total | 890 | 956 | long term debt | 500 | 550 |
net fixed assets | 1556 | 1704 | common stock | 600 | 580 |
retained earnings | 556 | 810 | |||
total assets | $2446 | $2660 | total liabilities | $2446 | $2660 |
use the above financial information to work on the below questions:
a. what is the quick ratio for young for 2017?
b. what is the debt-equity ratio for 2017? c. what was inventory turnover for 2018?
d. what was return on equity for 2018?
e. what is the days' sales in receivables for 2018?
Note; please show work.
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