192. The following selected financial information for a company was reported for the current year end. Calculate the following company ratios:
(a) Accounts receivable turnover.
(b) Inventory turnover.
(c) Days' sales uncollected
Accounts receivable, beginning-year……………. $170,000
Accounts receivable, year-end…………………… 190,000
Merchandise inventory, beginning-year………….80,000
Merchandise inventory, year-end………………… 60,000
Cost of goods sold………………………………... 580,000
Credit sales………………………………………... 1,000,000
193. Selected current year end financial information for a company is presented below. Calculate the following company ratios:
(a) Profit margin.
(b) Total asset turnover.
(c) Return on total assets.
(d) Return on common stockholders' equity (assume the company has no preferred stock).
Net income………………………………..$ 325,000
Net sales…………………………………..4,700,000
Total liabilities, beginning-year………….. 550,000
Total liabilities, end-of-year……………… 530,000
Total stockholders' equity, beginning-year.760,000
Total stockholders' equity, end-of-year….. 745,000