Question

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) ROA, (5) long-term debt, (6) equity multiplier, (7) profit margin, and (8) 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%. ​

Answer 1

Answer:

The following data apply to Jacobus and Associates (millions of dollars):

Cash and marketable securities $ 100.00

Fixed assets $ 283.50

Sales $ 1,000.00

Net income $ 50.00

Quick ratio 2.0

Current ratio 3.0

DSO 40.55 days

ROE 12%

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 assets, (5) ROA, (6) common equity, and (7) long-term debt.

Explanation:

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