Question

1.) For the price/earning ratio, you need the closing stock price on January 31st, 2014 (This was a Friday and the last day the stock was traded for the year being reported.... closing stock price was 76.68 (complete the blanks)

Open: 78.28 High: 78.75 Low: 76.63 Close: 76.68 Adj. Close: 68.36

For the fiscal year ended January 29, 2017 RATIO FORMULA WORK ANSWER Current Ratio 17724 14133 1.25 Current Lia bilities Debt

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Answer #1

Price earning ratio formula = closing price of share/ earning per share

close = 76.68, Earning per share = 4.48

there fore price earning ratio = 76.68/4.48 = 17.11

Average collection for account receivable formula = 365/account receivable turnover ratio

= 365/1.03 = 354.36

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