What would be the times interest earned ration, return on equity, receivable tur

Question

What would be the times interest earned ration, return on equity, receivable turnover ratio, and invertory turnover ration for Black Diamond Inc for the fiscal year 2015 given the data from the following link?

I know the formulas but I am not sure exactly if I am plugging in the numbers right. Help!!!

All the financial statements that could be needed are on section #8 that can be chosen from the links at the start of the information

http://www.sec.gov/Archives/edgar/data/913277/000114420416088182/v434156_10k.htm#fin_2

Explanation / Answer

Times Interest Earned ratio:

Formula

Times Interest earned ratio = EBIT / Interest expenses

Operating loss or EBIT is Negative i.e. ($38,081) thousands

Times interest earned ratio is 0

Return on Equity (ROE):

ROE = Net income / shareholders’ equity

Net income or (loss) = ($74,769)

ROE = 0

Accounts Receivable Turnover

Accounts receivable turnover = Net Credit Sales / Average Accounts Receivable

Net credit sales = $1726

Average accounts receivable = (Opening balance + closing balance) / 2

Average accounts receivable = (9902 + 9824) / 2 = $9863

Accounts receivable turnover = $1726 / $9863 = 0.17 times

Inventory Turnover ratio:

Inventory Turnover = Sales / Inventory

However, it may also be calculated as:

Inventory Turnover = Cost of Goods Sold / Average Inventory

Cost of goods sold = $101,020

Average Inventory = (Opening + closing) / 2

Average Inventory = (27754+26774) / 2 = $27,264

Inventory Turnover ratio = $101,020 / $27,264 = 3.71

Inventory turnover in days:

(1/3.71) * 365 days = 98 days

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