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Question 3 (15 points) Baker's Used Autos has sales of $638,400, inventory turnover of 4.5, and a profit margin of 9.8 p
Posted: Mon Mar 21, 2022 4:36 pm
by answerhappygod
- Question 3 15 Points Baker S Used Autos Has Sales Of 638 400 Inventory Turnover Of 4 5 And A Profit Margin Of 9 8 P 1 (268.46 KiB) Viewed 35 times
Question 3 (15 points) Baker's Used Autos has sales of $638,400, inventory turnover of 4.5, and a profit margin of 9.8 percent. The firm has a total debt of $1,200,000, a current ratio of 1.2 and a fixed asset turnover of 1.824. Return on equity is 12%. a. What is the quick ratio? b. If the
company want so to retain 40% of its earnings, how much dividends could it distribute to its shareholders?