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Chapter 4 Assignment

Chapter 4 Assignment - BUS 320 Homework Chapter 4 1 Given...

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BUS 320 Homework Chapter 4 1. Given the following, find the Inventory Turnover Ratio (Ans. = 4.0): Profit Margin = 12% Current Assets = $9,500 Quick Ratio = 1.5 Current Liabilities = $3,000 Net Income = $2,400 2. Find Times Interest Earned given the following (Ans. = 7.67): Total Debt = $1,200,000 Profit Margin = 6%    Tax Rate = 25% Annual Interest Rate = 10%          Sales = $10,000,000 3. Find Return on Equity given the following (Ans. = 12.5%): Debt Ratio = .60 Current Liabilities = $100,000 Long Term Debt = $500,000 Net Income = $50,000 4.      Find the Debt Ratio given the following (Ans. = .50): Total Equity = $400,000 Current Assets = $100,000 Total Asset Turnover = 2.0 Profit Margin = 10%          Net Income = $160,000 5.      Given the following, find the Inventory Turnover Ratio (Ans. = 4.0):      Profit Margin = 10% Fixed Assets = $300,000    Quick Ratio = 1.5
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