ch28-21 - 700000/((270000+240000)/2) 700000/255000= 2.75...

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Current ratio: (120000+135000+270000)/ (152000+12000) 525000/164000= 3.20 Times Payables turnover: (700000+30000)/ ((152000+208000)/2) 730000/180000= 4.06 Times Receivable turnover: 1200000/((135000+95000)/2) 1200000/115000= 10.43 Times Days' inventory on hand: 365/2.75 132.73 Days Inventory turnover:
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Unformatted text preview: 700000/((270000+240000)/2) 700000/255000= 2.75 Times Interest coverage ratio: (160000+10000)/10000 17 Times Asset turnover: 1200000/((1275000+1245000)/2) 1200000/1260000= 0.95 Times Return on equity: 120000/((951000+861000)/2) 120000/906000= 13.25%...
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