Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.) 1. Return on Assets (use average balance sheet figures) 2. Return on capital (use average balance sheet figures) % 3. Days in inventory (use start of year balance sheet figures) %
Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.) 1. Return on Assets (use average balance sheet figures) 2. Return on capital (use average balance sheet figures) % 3. Days in inventory (use start of year balance sheet figures) %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Calculate the following financial ratios for Phone Corporation: (Use 365 days
in a year. Do not round intermediate calculations. Round your final
answers to 2 decimal places.)
1. Return on Assets (use average
2. Return on capital (use average balance sheet figures) %
3. Days in inventory (use start of year balance sheet figures) %
4. Inventory turnover (use start of year balance sheet figures
5. Average collection period (use start of year balance sheet figures)
6. Operating profit margin %
7. Long term debt ratio (use end of year balance sheet figures)
8. Total Debt ratio (use end of year balance sheet figures)
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