Long-term debt ratio 0.4 Times interest earned 8.0 Current ratio 1.3 Quick ratio 1.0 Cash ratio 0.6 Inventory turnover 5.0 Average collection period 73 days
Use the above information from the tables to work out the following missing entries, and then calculate the company’s return on equity. Note: Inventory turnover, average collection period, and return on equity are calculated using start-of-year, not average, values.
Use the above information from the tables to work out the following missing entries, and then calculate the company’s return on equity. Note: Inventory turnover, average collection period, and return on equity are calculated using start-of-year, not average, values.
Note: Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.