This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: 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 Current Liabilities = $200,000 Net Income = $80,000 Total Assets = $800,000...
View
Full
Document
This note was uploaded on 03/24/2008 for the course BUS 320 taught by Professor Sloan during the Fall '08 term at N.C. State.
 Fall '08
 sloan
 Interest

Click to edit the document details