190. A corporation reports the following year-end balance sheet data. Calculate the following ratios:
(a) working capital
(b) acid-test ratio
(c) current ratio
(d) debt ratio
(e) equity ratio
(f) debt-to-equity ratio
Cash……………………….. $ 50,000Current liabilities $ 64,000
Accounts receivable………. 35,000Long-term liabilities………. 72,000
Inventory………………….. 60,000Common stock…………….. 100,000
Equipment………………… 140,000Retained earnings…………. 49,000
Total assets……………….. $285,000 Total liabilities and equity $285,000
191. Selected balances from a company's financial statements are shown below. Calculate the following ratios for 2016:
(a) accounts receivable turnover
(b)inventory turnover
(c) days’ sales uncollected
(d) days’ sales in inventory
(d) profit margin.
(e) return on total assets.
|
Dec. 31,
|
Dec. 31,
|
For the
|
|
2016
|
2015
|
Year 2016
|
Accounts receivable..................
|
$ 27,000
|
$ 24,000
|
|
Merchandise inventory...............
|
25,000
|
20,000
|
|
Total assets.......................
|
296,000
|
244,000
|
|
Accounts payable...................
|
26,000
|
32,000
|
|
Salaries payable....................
|
3,000
|
4,400
|
|
Sales (all on credit)..................
|
|
|
$312,000
|
Cost of goods sold...................
|
|
|
165,600
|
Salaries expense....................
|
|
|
48,000
|
Other expenses....................
|
|
|
75,000
|
Net income.......................
|
|
|
24,000
|