(Solution) Assignment for Chapter 15

(Solution) Assignment for Chapter 15 - = 6.4%. $1,914,000 +...

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Assignment for Chapter 15 (a) Current ratio = $645,000 = 1.5:1. $435,000 (b) Acid-test ratio = $63,000 + $54,000 + $258,000 = 0.86:1. $435,000 (c) Receivables turnover = $1,800,000 = 7.5 times. $258,000 + $222,000 2 (d) Inventory turnover = $1,245,000 = 5.2 times. $270,000 + $210,000 2 (e) Profit margin ratio = $115,200 = 6.4%. $1,800,000 (f) Asset turnover = $1,800,000 = 1.0 times. $1,914,000 + $1,680,000 2 (g) Return on assets = $115,200
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Unformatted text preview: = 6.4%. $1,914,000 + $1,680,000 2 (h) Return on common stockholders’ equity = $115,200 = 10.6%. $1,119,000 + $1,050,000 2 (i) Earning per share = $115,200 = $3.84. 450,000/15 (j) Price-earning ratio = $58.5 = 15.2 times. $3.84 (k) Payout ratio = $600,000 + $115,200 – $669,000 = 40.1%. $115,200 (l) Debt to total assets = $795,000 = 41.5%. $1,914,000 (m) Times interest earned = $115,200 + $54,000 + $23,400 = 8.2 times. $23,400...
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This note was uploaded on 02/04/2012 for the course ACCT 2111 taught by Professor Eric during the Spring '11 term at CUHK.

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