FIN-504 MODULE 1 HW

FIN-504 MODULE 1 HW - Module One - Performance Analysis...

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Module One - Performance Analysis Gerald McGill Grand Canyon University FIN 504 - Finance Principles 12/15/2010 P2 - 11 A) Mountain Air Ski Resort's net income for 2009 was $7,500,000. B) Mountain Air Ski Resort Inc authorized the sale of up to 5,000,000 shares of common stock. Based on shares outstanding from 2008 to 2009, the company sold 1,500,000 shares over that one year period. C) New stocks sold at an average of $3.00 per share in 2009. D) The original 500,000 shares of Mountain Air Ski Resort common stock sold for $1.00. P2 - 26 A) Current Ratio = -7.69% Quick Ratio = -12% Inventory Turnover = -19.53% Average Collection Period = -26.29% Total Asset Turnover = -80% Debt Ratio = 37.77% Times Interest Earned Ratio = -3.75% Gross Profit Margin = -4.42% Operating Profit Margin = 14.29% Net Profit Margin = -2.41% Return on Total Assets = 39.66% Return on Common Equity = 101.89% Price/Earnings Ratio = -8.41% Market/Book Ratio = -15% B) Quick Ratio (Change reflects a negative impact on company) Inventory Turnover
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FIN-504 MODULE 1 HW - Module One - Performance Analysis...

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