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The following data apply to Jacobus and Associates (millions of dollars): $ 400 Cash Fixed assets $ 4,300 Sales $14,600
Posted: Sun Jun 05, 2022 7:21 am
by answerhappygod
- The Following Data Apply To Jacobus And Associates Millions Of Dollars 400 Cash Fixed Assets 4 300 Sales 14 600 1 (43.9 KiB) Viewed 49 times
The following data apply to Jacobus and Associates (millions of dollars): $ 400 Cash Fixed assets $ 4,300 Sales $14,600 Net income $ 730 Quick ratio 2.0 MT 3.0 Current ratio DSO 40 days 12.5% ROE Jacobus has no preferred stock-only common equity, current liabilities, and long-term debt. Find Jacobus's (1) accounts receivable, (2) current liabilities, (3) current assets, (4) total as- sets, (5) ROA, (6) common equity, (7) long-term debt, (8) equity multiplier, (9) profit margin, and (10) total asset turnover. Substitute your calculated profit margin, total asset turnover, and equity multiplier into the DuPont equation and verify that resulting ROE is 12.5%. 11