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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Income Balance Sheet Statement 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. Assets BALANCE SHEET (Figures in $ millions) This Year Last Year Cash and marketable securities S 39.00 37.00 Accounts receivable Inventories 26.00 51.00 39.00 43.00 Total current assets s 104.00 131.00 Net property, plant, and equipment 171.00 42.00 Total assets 275.00 $ 173.00 Liabilities and shareholders' equity Accounts payable S 25.00 $ 20.00 Notes payable 40.00 45.00 Total current liabilities S 65.00 $ 65.00 Long-term debt 27.50 X 18.00 Shareholders' equity 182.50 x 90.00 Total liabilities and shareholders' equity 275.00 $ 173.00 Show less▲
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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Income Balance Sheet Statement 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. Assets BALANCE SHEET (Figures in $ millions) This Year Last Year Cash and marketable securities S 39.00 37.00 Accounts receivable Inventories 26.00 51.00 39.00 43.00 Total current assets s 104.00 131.00 Net property, plant, and equipment 171.00 42.00 Total assets 275.00 $ 173.00 Liabilities and shareholders' equity Accounts payable S 25.00 $ 20.00 Notes payable 40.00 45.00 Total current liabilities S 65.00 $ 65.00 Long-term debt 27.50 X 18.00 Shareholders' equity 182.50 x 90.00 Total liabilities and shareholders' equity 275.00 $ 173.00 Show less▲
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Long-term debt ratio
0.1
Times interest earned
10.0
Current ratio
1.6
Quick ratio
1.0
Cash ratio
0.6
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. Note: Inventory turnover, average collection period, and return on equity are calculated using start-of-year, not average, values.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Income
Statement
Balance Sheet
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.
Assets
BALANCE SHEET
(Figures in $ millions)
This Year
Last Year
Cash and marketable securities
S
39.00
$
37.00
Accounts receivable
Inventories
26.00✔
51.00
39.00
43.00
Total current assets
$
104.00
$
131.00
Net property, plant, and equipment
171.00
42.00
Total assets
S 275.00
$
173.00
Liabilities and shareholders' equity
Accounts payable
S
25.00 $
20.00
Notes payable
40.00
45.00
Total current liabilities
$
65.00
$
65.00
Long-term debt
27.50
18.00
Shareholders' equity
182.50 x
90.00
Total liabilities and shareholders' equity
S
275.00
$
173.00
< Income Statement
Balance Sheet
Show less▲
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