Use the information provided about Kynocks Inc. to determine the missing information from its December 31, 2017
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Additional information:
¢ No dividends were paid during the year.
¢ There are no preferred shares outstanding.
¢ All sales and purchases of inventory are on credit.
¢ No new common shares were issued during the year and no common shares were repurchased during the year.
¢ Tax rate ? 20.63%.
¢ Gross margin percentage ? 40%.
¢ Profit margin percentage ? 20%.
¢ Interest coverage ratio ? 6.2085.
¢ EPS ? $0.40.
¢ ROA ? 9.85.
¢ Inventory turnover ratio ? 5.474.
¢ Accounts receivable turnover ratio ? 21.739.
¢ Accounts payable turnover ratio ? 7.589.
¢ Debt-to-equity ratio ? 0.733.
¢ Current ratio ?2.222.
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...
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