The following data apply to kmart millions of dollarcash, Ask an Expert

Finance

The following data apply to KMart (millions of dollar):

Cash and Marketable $ 100.00

Securities

Fixed Assets $283.50

Sales $1,000.00

Net Income $ 50.00

Quick Ratio 2.0X

Current Ratio 3.0X

Days Sales Outstanding 40 Days

Return on Equity 12%

Find K-Mart:

Accounts receivable

Current Liabilites

Current assets.

Total Assets

Return on Assets

Common Equity

Long Term Dept

Hint. For Q (1) begin with the equation for Days Sales Outstanding= (Accounts Receivable over Sales/360), then solve for Accounts Receivable.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92082719

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