2. DuPont Identity [LO3] Jack Corp. has a profit
margin of 6.4 percent, total asset turnover of
1.77, and ROE of 15.84 percent. What is this
firm's debt-equity ratio?
3. Sources and Uses of Cash [LO1] Based only
on the following information for Thrice Corp.,
did cash go up or down? By how much?
Classify each event as a source or use of cash.
4. Calculating Average Payables Period [LO2]
Heritage, Inc., had a cost of goods sold of
$68,314. At the end of the year, the accounts
payable balance was $15,486. How long on
average did it take the company to pay off its
suppliers during the year? What might a large
value for this ratio imply?
5. Using the DuPont Identity [LO3] Y3K, Inc.,
has sales of $6,183, total assets of $2,974, and
a debt-equity ratio of .57. If its return on equity
is 11 percent, what is its net income?