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Selected financial ratios. The following information pertains to Allbright, Inc. Cash $75,000 Accounts receivable $190,000 Inventory $130,000 Plant assets (net) $650,000 Total assets $1,045,000 Accounts payable $140,000 Accrued taxes and expenses payable $32,000 Long-term debt $165,000 Common stock ($10 par) $265,000 Paid-in capital in excess of par $120,000 Retained earnings $323,000 Total equities $1,045,000 Net sales (all on credit) $1,800,000 Cost of goods sold $1,200,000 General & Admin Expenses $430,000 Net income $170,000 Required Compute the following: (It is not necessary to use averages for any balance sheet figures involved.)

(a) Current ratio

(b) Inventory turnover

(c) Receivables turnover

(d) Book value per share

(e) Earnings per share

(f) Debt to total assets

(g) Profit margin on sales

(h) Return on common stock equity

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M91972817

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