Return on assets
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Lily Cosmetics has annual sales of $500,000,000
maintains a net after tax profit margin of 5%
and has a sales-to-assets ratio of 4
a. What is its return on assets?
b. If its debt/equity ratio is 0.5 what is the return on equity?
Week 3 - Problem 2
On average, Microlimp's accounts receivables total $40,000,000 on sales of $400 million
What is Microlimp's average collection period?
Week 3 - Problem 3
How would the following actions affect a firm's current ratio?
a. Inventory is purchased and paid for with cash, it is not purchased on account.
b. The firm takes out a short term bank loan to pay its overdue accounts payable.
c. A customer prepays in full for specially ordered merchandise that it will take 60 days to manufacture.
d. Inventory is sold at the firm's normal 35% markup over cost.
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Solution Summary
This discusses the computation of return on assets and other rations
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Lily Cosmetics has annual sales of $500,000,000
maintains a net after tax profit margin of 5%
and ...
Purchase this Solution
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