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Zara Inc., had sales totaling $30000000 in fiscal year 2020. Some ratios for the company are listed below. Use this information to calculate the dollar
Zara Inc., had sales totaling $30000000 in fiscal year 2020. Some ratios for the company are listed below. Use this information to calculate the dollar values of different income statement and balance sheet accounts. Zara Inc. Year ended December 31, 2020 Gross profit margin 0.8 Operating Profit margin 0.4 Net profit margin 0.09 Debt ratio 0.25 Current ratio C 2.5 Total asset turnover 2 Average collection period 50 What is the company's gross profit? What is the company's cost of goods sold? What is the company's operating profit? What is the company's operating expenses? What is the company's earnings available for common stockholders? What is the company's total assets? What is the company's total liabilities? What is the company's account receivables? What is the company's total stockholders' equity All else being equal, which of the following will increase a company's current ratio? Select one: O a. An increase in net fixed assets O b. An increase in accounts payable O c. A decrease in long-term debt O d. An increase in accounts receivable
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