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acy1111-ch15.5

# acy1111-ch15.5 - PROBLEM 15-5(a Current ratio = \$215,000 =...

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© 2009 For Instructor Use Only 15-33 PROBLEM 15-5 (a) Current ratio = \$215,000 \$145,000 = 1.5:1. (b) Acid-test ratio = \$21,000+ \$18,000+ \$86,000 \$145,000 = 0.86:1. (c) Receivables turnover = \$600,000 (\$86,000 + \$74,000) 2 = 7.5 times. (d) Inventory turnover = \$415,000 \$90,000 + \$70,000 2 = 5.2 times. (e) Profit margin ratio = \$38,400 \$600,000 = 6.4%. (f) Asset turnover = \$600,000 \$638,000+ \$560,000 2 = 1.0 times. (g) Return on assets = \$38,400 \$638,000+ \$560,000 2 = 6.4%. (h) Return on common stockholders’ equity =

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acy1111-ch15.5 - PROBLEM 15-5(a Current ratio = \$215,000 =...

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