Homework Answers
Current Ratio = Current Assets / Current Liabilities
2.60 = Current Assets / $670
Current Assets = $1,742
Average Collection Period = 365 * Accounts Receivable / Credit
Sales
50 = 365 * Accounts Receivable / $1,314
Accounts Receivable = $180
Inventory Turnover = Credit Sales / Inventory
1.50 = $1,314 / Inventory
Inventory = $876
Current Assets = Cash + Accounts Receivable + Inventory
$1,742 = Cash + $180 + $876
Cash = $686
Total Assets Turnover = Credit Sales / Total Assets
0.50 = $1,314 / Total Assets
Total Assets = $2,628
Total Assets = Current Assets + Fixed Assets
$2,628 = $1,742 + Fixed Assets
Fixed Assets = $886
Debt Ratio = Total Debt / Total Assets
0.75 = Total Debt / $2,628
Total Debt = $1,971
Total Debt = Current Liabilities + Long-term Debt
$1,971 = $670 + Long-term Debt
Long-term Debt = $1,301
Total Liabilities and Equity = Total Assets
Total Liabilities and Equity = $2,628
Total Liabilities and Equity = Total Debt + Stockholders’
Equity
$2,628 = $1,971 + Stockholders’ Equity
Stockholders’ Equity = $657
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Current ratio = 2.6 times Credit sales $1,314m Average collection period 50 days Inventory turnover 1.50...
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3) inventory turnover (2 decimal places round)
4) average sale period (365 days in a year)
5)operating cycle
6)total asset turnover
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calculate current ratio, average collection period, debt ratio, net profit margin and inventory turnover ratio. Rachel...
calculate
current ratio, average collection period, debt ratio, net profit
margin and inventory turnover ratio.
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Ratio (1) Current ratio (2) Accounts receivable turnover (3) Average collection period (4) Inventory turnover (5) Days in inventory (6) Profit margin (7) Asset turnover (8) Return on assets (9) Return on common stockholders' equity (10) Debt to assets ratio (11) Times interest earned (12) Free cash flow Target 1.63 :1 8.6 times 42.0 days 6.6 times 55.3 days 3.8 % 1.5 times 5.6 % 17.1 % 66 % 6.5 times $3,656 Wal-Mart 0.87 :1 101.4 times 3.6 days 9.0...
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Longtere debt ratio Cash ratio Inventory turnover Average collection period Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round Intermediate calculations and final answers to 2 decimal places.) INCOME STATEMENT (Figures in millions) Cost of goods sold Selling general and administrative expenses Earnings before interest and taxes...
1) accounts receivable turnover (2 decimal places)
2) average collection period (365 days in a year)
3) inventory turnover (2 decimal places round)
4) average sale period (365 days in a year)
5)operating cycle
6)total asset turnover
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calculate
current ratio, average collection period, debt ratio, net profit
margin and inventory turnover ratio.
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