Use the information provided about Voligny Inc. (Voligny) to determine the missing information from its December 31,
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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%.
¢ Gross margin percentage? 45%.
¢ Profit margin percentage? 10%.
¢ Interest coverage ratio? 4.906
¢ EPS? $0.75.
¢ Inventory turnover ratio? 2.716.
¢ Accounts receivable turnover ratio? 7.547.
¢ Accounts payable turnover ratio? 7.222.
¢ Debt-to-equity ratio? 0.586.
¢ Current ratio?4.293.
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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