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Use the accompanying financial statements for Johnson Manufacturing, Inc. and the industry average ratios to...

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Finance

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Use the accompanying financial statements for Johnson Manufacturing, Inc. and the industry average ratios to answer all the questions that follow. The company stock trades at $23 per share. Johnson Manufacturing, Inc. Income Statement (in Millions of Dollars)) Johnson Manufacturing, Inc. Balance Sheet (in Millions of Dollars) Total asset turnover 1.8X Debt ratio 40% Times interest earned ratio 6.0X Basic earning power 17.2% Net profit margin 5.0% Return on total assets (ROA) Return on common equity (ROE) 15% Price earnings 12.5x Market/book 1.7X What is the company's average collection period (or days' sales outstanding) in 2020? Assume a 365 day year. 42.7 45.6 47.5 48.6 What is the company's fixed asset turnover ratio in 2020? 2.0 2,5 3.0 3.5 What is the company's times interest earned ratio in 2020? 2.3 2.6 2.9 3.2

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