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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 TurnoverAverage Collection PeriodInventory TurnoverNumber of days of sales in inventoryProfit Margin PercentageReturn on SalesCurrent RatioQuick RatioCash RatioAsset TurnoverDebt to Equity RatioDebt to Assets RatioReturn on AssetsEarnings Per ShareWorking CapitalP/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.
Attachment:- Excel spreadsheet.xls
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