Lilly Inc has a DSO of 20 days, and its annual sales are $3,550,000. What is its accounts receivable balance? Assume that it uses a 365-day year.    Lilly's Tax has a market/book ratio equal to 1. its stock price is $13 per share and it has 4.6 million shares outstanding. The firm's total capital is $115 million and its finances with only debt and common equity. what is its debt-to-capital ratio?   Lilly's Tax has an ROA of 11%, a 5% profit margin, and an ROE of 23%. What is its total assets turnover? What is its equity multiplier?   Lilly's Tax has an EPS of $2.40, a book value per share of $22.84, and a market/book ratio of 27X. What is its P/E ratio?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
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Lilly Inc has a DSO of 20 days, and its annual sales are $3,550,000. What is its accounts receivable balance? Assume that it uses a 365-day year. 
 
Lilly's Tax has a market/book ratio equal to 1. its stock price is $13 per share and it has 4.6 million shares outstanding. The firm's total capital is $115 million and its finances with only debt and common equity. what is its debt-to-capital ratio?
 
Lilly's Tax has an ROA of 11%, a 5% profit margin, and an ROE of 23%. What is its total assets turnover? What is its equity multiplier?
 
Lilly's Tax has an EPS of $2.40, a book value per share of $22.84, and a market/book ratio of 27X. What is its P/E ratio? 
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Step 1 General Introduction

(Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question specifying the one you’d like answered.)

Introduction to Accounts receivable 

Accounts receivable refers to that balance of money due to a company for goods or services sold or delivered to customers but are not yet paid and are listed on the balance sheet as a current asset.

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