2. DuPont ldentity [L03] 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?
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