Sepracor inc. a drug company reported the following, Ask an Expert

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Sepracor, Inc., a drug company, reported the following information. The company prepares its financial statements in accordance with GAAP.
2007 (,000)

Current liabilities - $ 554,114
Convertible subordinated debt - 648,020
Stockholders' equity - 176,413
Net income - 58,333

Compute the following ratios for Sepracor, Inc. (Assume that year-end balances approximate annual averages.)
(1) Return on assets.
(2) Return on stockholders' equity.
(3) Debt to assets ratio.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9404753

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