Solution-Compute the dollar amount of sales

Compute the dollar amount of sales

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a. Compute the following ratios: Current ratio, Acid test ratio, Debt ratio, Total asset turnover, Operating profit margin, Return on total investments, Times interest earned, Inventory turnover.

b. All other things equal, compute the dollar amount of sales needed to achieve an 18% return on total assets for the coming year.

c. Given Johnson's inventory turnover ratio, find a way of computing the current level of inventory given this ratio and assuming the current level of inventories is unknown. Set up but do not solve.

Reference no: EM132506168

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Compute the dollar amount of sales

Reference no: EM132506168

Reference no: EM132506168

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