The following data apply to KMart (millions of dollar):
Cash and Marketable $ 100.00
Securities
Fixed Assets $283.50
Sales $1,000.00
Net Income $ 50.00
Quick Ratio 2.0X
Current Ratio 3.0X
Days Sales Outstanding 40 Days
Return on Equity 12%
Find K-Mart:
Accounts receivable
Current Liabilites
Current assets.
Total Assets
Return on Assets
Common Equity
Long Term Dept
Hint. For Q (1) begin with the equation for Days Sales Outstanding= (Accounts Receivable over Sales/360), then solve for Accounts Receivable.