Current Assets : Cash and Equivalents Accounts Receivable 100,000,000 Inventory Fixed (Long-term) Assets Sales Net Income 283,500,000 1,000,000,000 50,000,000 105,500,000 20,000,000 3.00 40.5515 days Current Liabilities Notes Payable Current Ratio Days Sales Outstanding (DSO) Ratio (DSO based on 365 days year) Return on Common Equity (ROE) 12.00 %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Find the following using the data bellow 

Accounts receivable = 111,100,000

Current assets = 316,500,000

 Total assets = 600,000,000

A. Return on assets

B. Common equity

C .Quick ratio

Current Assets :
Cash and Equivalents
Accounts Receivable
Inventory
Fixed (Long-term) Assets
100,000,000
283,500,000
1,000,000,000
50,000,000
105,500,000
20,000,000
3.00
40.5515 days
Sales
Net Income
Current Liabilities
Notes Payable
Current Ratio
Days Sales Outstanding (DSO) Ratio
(DSO based on 365 days year)
Return on Common Equity (ROE)
12.00 %
Transcribed Image Text:Current Assets : Cash and Equivalents Accounts Receivable Inventory Fixed (Long-term) Assets 100,000,000 283,500,000 1,000,000,000 50,000,000 105,500,000 20,000,000 3.00 40.5515 days Sales Net Income Current Liabilities Notes Payable Current Ratio Days Sales Outstanding (DSO) Ratio (DSO based on 365 days year) Return on Common Equity (ROE) 12.00 %
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