Question

Alberta Inc. has the following data 1. cash - $nil; 2. accounts receivables - $30,000; 3....

Alberta Inc. has the following data
1. cash - $nil;
2. accounts receivables - $30,000;
3. inventory - $70,000.
4. Long term assets of $400,000
5. Current liabilities are $50,000.
6. sales of $1,000,000
7. operating profit of $50,000
8. interest expense of $12,500
9. tax expense of $7,500
10. total equity of $200,000
11. total debt of $300,000
12. Dividends paid - $10,000
13. Number of common shares - 1,000
14. Share price - $150

Calculate the following:

1. Quick ratio
2. Return on sales
3. Return on assets
4. Interest coverage ratio
5. Receivables turnover
6. Inventory holding period
7. Earnings per share
8. Dividend coverage ratio

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