Question - The following table summarizes some of key financial data for Copeland Corporation (unit: thousand dollars except ratio figures):
|
Item
|
Value
|
|
Cash and marketable securities
|
$10,000
|
|
Fixed assets
|
$90,000
|
|
Sales
|
$200,000
|
|
Net income
|
$1.5,000
|
|
Inventory
|
$150,000
|
|
Current ratio
|
4.20
|
|
Average collection period
|
91.25 days
|
|
Long-term debt
|
$200,000
|
Determine the accounts receivables.
Determine the amount of current liabilities.
Calculate the amount of long-term debt.
Calculate the return on common equity.