ACC 281 Week 2 - 249,000 Gross Profit Rate is 42.57% 7....

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Sheet1 Page 1 ACCT 281 Week 2 Mike's Bikes, Inc. 1. 48,800 22,520 2.17 Current Ratio is 2.17 to 1 2. 68,520 146,320 Debt Ratio is 46.83% 3. 249,000 12,500 19.92 Account Receivable Turnover Rate is 18.3 days 4. 143,000 14,600 9.79 Inventory Turnover Rate is 37.3 days 5. 18.3 37.3 Operating Cycle is 55.6 days 6. 106,000
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Unformatted text preview: 249,000 Gross Profit Rate is 42.57% 7. 63,000 4,200 Interest Coverage Ratio is 15.00 8. 63,000 146,320 Return on Assets is 43.06% 9. 3,000 40,000 Dividends Per Share of Common Stock is 0.0750 10 10.25 1.02 Price-Earnings Ratio is 10.05...
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