Updated_Chapter_4_Assignment

# Updated_Chapter_4_Assignment - BUS 320 Chapter 4 Assignment...

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BUS 320 Chapter 4 Assignment 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 6. Find Net Income given the following (Ans. = \$9,600): Total Equity = \$40,000 Equity Multiplier = 2.4 Return on Assets = 10% 7. Given the following, find the Current Ratio (Ans. = 5.0) and Total Assets (Ans. = \$44,000):

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## This note was uploaded on 01/11/2011 for the course BUS 320 taught by Professor Sloan during the Winter '08 term at N.C. State.

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Updated_Chapter_4_Assignment - BUS 320 Chapter 4 Assignment...

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