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1 . Calculating Inventory Turnover [ LO2 ] The Green Corporation has ending inventory of $ 417,381 , and cost of goods sold for the year just ended was $ 4,682,715 . What is the inventory turnover ? The days ’ sales in inventory ? How long on average did a unit of inventory sit on the shelf before it was sold ?
2 . DuPont Identity [ LO4 ] If Roten Rooters , Inc ., has an equity multiplier of 1.15 , total asset turnover of 2.10 , and a profit margin of 6.1 percent , what is its ROE ?
3 . Building an Income Statement [ LO1 ] Billy ’ s Exterminators , Inc ., has sales of $ 817,000 , costs of $ 343,000 , depreciation expense of $ 51,000 , interest expense of $ 38,000 , and a tax rate of 35 percent . What is the net income for this firm ?
3a . Dividends and Retained Earnings [ LO1 ] Suppose the firm in Problem 3 paid out $ 95,000 in cash dividends . What is the addition to retained earnings ?
3b . Per-Share Earnings and Dividends [ LO1 ] Suppose the firm in Problem 3a had 90,000 shares of common stock outstanding . What is the earnings per share , or EPS , figure ? What is the dividends per share figure ? ( Use attached Excel Spreadsheet for this question )
4 . Calculating Additions to NWC [ LO4 ] The 2014 balance sheet of Steelo , Inc ., showed current assets of $ 4,630 and current liabilities of $ 2,190 . The 2015 balance sheet showed current assets of $ 5,180 and current liabilities of $ 2,830 . What was the company ’ s 2015 change in net working capital , or NWC ?