Multiple Choice
Patriot Auto Parts just reported an EPS of $2.70 on revenues of $660 million. The company has 12 million shares outstanding. Total assets are $570 million, current liabilities equal $117 million, and long-term debt is $183 million. Net fixed assets are worth $345 million. Given this information, which one of the following statements is correct?
A) Patriot's net working capital is $108 million.
B) Patriot's current ratio is 1.75.
C) Patriot's total asset turnover is 3.67.
D) Patriot's debt-equity ratio is 0.75.
Correct Answer:

Verified
Correct Answer:
Verified
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