Business, 05.08.2020 14:01 cowerdwhisper23

Long-term debt ratio 0.3 Times interest earned 10.0
Current ratio 1.2
Quick ratio 1.0
Cash ratio 0.4
Inventory turnover 3.0
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.

Net sales $
Cost of goods sold
Selling, general, and administrative expenses 20.00
Depreciation 30.00
Earnings before interest and taxes (EBIT) $
Interest expense
Income before tax $
Tax (35% of income before tax)
Net income $

Answers: 2

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Long-term debt ratio 0.3 Times interest earned 10.0
Current ratio 1.2
Quick ratio 1.0...

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