𝐶𝐴 1.312.

500
8. Current Ratio = = = 2,5
𝐶𝐿 52.500
2 1.312.500+ ∆𝑁𝑃
Minimum CR = 1 = 52.500+ ∆𝑁𝑃

= 1.312.500 + ∆𝑁𝑃 = 2 (52.500 + ∆𝑁𝑃)

= 1.312.500 + ∆𝑁𝑃 = = 1.050.000 + 2∆𝑁𝑃

= ∆𝑁𝑃 = 262.500

So short term debt (NP) can increase by a maximum?

262.500 without violating the debt convenant (i.e. CR = 2)

New inventory = 375.000 + 262.500 = 637.500

CA = 1.312.500 + 262.500 = 1.575.000

1.575.000−637.500 937.500
QR = = = 1,19× atau 1,2×
525.000+262.500 787.500

9. QR = 1,4

CR = 3

Inventory = 6 times

Cash & market = 120.000

Assume = 365 days

𝐶𝐴 810.000
CR = =3=
𝐶𝐿 𝐶𝐿

CL = 270.000
810.000−𝑖𝑛𝑣𝑒𝑛𝑡𝑜𝑟𝑦
1,4 = 270.000

378.000 = 810.000 – inventory

Inventory = 432.000

Receivable = 810.000 – 432.000 – 120.000 = 258.000

COGS = 432.000 x 6 = 2.592.000

365
Annual sales = 𝑑𝑎𝑦𝑠 𝑠𝑎𝑙𝑒𝑠 𝑜𝑢𝑡𝑠𝑡𝑎𝑛𝑑𝑖𝑛𝑔 x Receivable

365
= x 258.000 = 2.580.000
36,5
 𝑠𝑎𝑙𝑒𝑠 100.000.000
5. Total asset turnover = 𝑡𝑜𝑡𝑎𝑙 𝑎𝑠𝑠𝑒𝑡 = 50.000.000
=2

ROE = profit margin x total asset turnover x equity multiplier

=3x2x2

= 12

ROA = profit margin x total asset turnover

10% = 2% x total asset turnover

Total asset turnover = 5%

ROE = ROA x equity multiplier

15% = 10% x equity multiplier

Equity multiplier = 1,5