ACCTG 17 22E - $1,442,000 $2,684,000 0.5 10 Number of times...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Problem 17-4A Name: Section: Enter the appropriate amounts in the shaded cells below. A red asterisk (*) will appear below or to the right of an incorrect amount in the outlined cells. 1. Working capital: $1,231,500 - $342,000 = $889,500 Calculated Ratio Numerator ÷ Denominator Value 2. Current ratio $1,231,500 $342,000 3.6 3. Quick ratio $779,000 $342,000 2.3 4. Accounts receivable turnover $3,360,000 $228,250 14.7 5. Number of days' sales in receivables $228,250 $9,205 24.8 6. Inventory turnover $1,500,000 $378,750 4.0 7. Number of days' sales in inventory $378,750 $4,110 92.2 8. Ratio of Fixed assets to long-term liabilities $2,575,000 $1,100,000 2.3 9. Ratio of liabilities to stockholders' equity
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $1,442,000 $2,684,000 0.5 10. Number of times interest charges earned $696,000 $98,000 7.1 11. Number of times preferred dividends earned $430,000 $12,500 34.4 12. Ratio of nets sales to assets $3,360,000 $3,324,000 1.0 13. Rate earned on total assets $528,000 $3,608,750 14.6% 14. Rate earned on stock-holders' equity $430,000 $2,495,250 17.2% 15. Rate earned on common stockholders' equity $417,500 $1,995,250 20.9% 16. Earnings per share on common stock $417,500 40,000 $10.44 17. Price-earnings ratio $55.00 $10.44 5.3 18. Dividends per share of common stock $40,000 40,000 $1.00 19. Dividend yield $1.00 $55.00 1.8%...
View Full Document

Ask a homework question - tutors are online