Finance Help

Use the following to answer questions 1-10:                       SHOW YOUR WORK!!!!!MEGAFRAME COMPUTER COMPANYBalance SheetAs of December 31, 2003ASSETSCash$  40,000Accounts Receivable60,000Inventory90,000New Plant and Equipment220,000Total Assets$410,000LIABILITIES AND STOCKHOLDERS’ EQUITYAccounts Payable$  60,000Accrued Expenses40,000Long-Term debt130,000Common Stock60,000Paid-In capita20,000Retained earnings100,000Total Liabilities and Stockholders’ Equity$410,000MEGAFRAME COMPUTER COMPANYIncome StatementFor the Year Ended December 31, 2003Sales (all on credit)$720,000Cost of Goods Sold500,000Gross Profit220,000Sales and Administrative Expense20,000Depreciation40,000Operating Profit160,000Interest Expense16,000Profit before Taxes144,000Taxes (30%)43,200Net Income$100,800******SHOW YOUR WORK*******1. Using the DuPont method, return on assets (investment) for Megaframe Computer is approximately2.  The firm’s average collection period isBUS201Take home exam 1         *****SHOW YOUR WORK*****3. Times interest earned for Megaframe Computer is4. Megaframe’s quick ratio is5. Megaframe’s current ratio is6. The firm’s debt to asset ratio is7. What is Megaframe Computer’s total asset turnover?8. Compute Megaframe’s after tax profit margin.9. The firm’s return on equity is10. The firm’s receivable turnover is