accounting homework

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Instructions

Using the Excel template in the Financial Ratios lesson page, compute the following financial ratios of Bank of America for the year 2013 . (i attatch the file)

Accounts Receivable Turnover

Average Collection Period

Inventory Turnover

Number of days of sales in inventory

Profit Margin Percentage

Return on Sales

Current Ratio

Quick Ratio

Cash Ratio

Asset Turnover

Debt to Equity Ratio

Debt to Assets Ratio

Return on Assets

Earnings Per Share

Working Capital

P/E Ratio

In order to compute the Earnings Per Share ratio and the P/E Ratio, you will need the number of shares of stock outstanding and the trading price of each share of stock:

• Number of Shares of Stock Outstanding: 10,520,000,000

• Trading Price of Each Share of Stock: $15.57

Attach your Excel spreadsheet when you are done.