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Unformatted text preview: 435,000 390,000 ACCT 2111 Introductory Financial Accounting Long-term liabilities Bonds payable 360,000 240,000 Total liabilities 795,000 630,000 Stockholders’ equity Common stock ($15 par) 450,000 450,000 Retained earnings 669,000 600,000 Total stockholders’ equity 1,119,000 1.050,000 Total liabilities and stockholders’ equity $1,914,000 $1,680,000 Additional data: The common stock recently sold at $58.50 per share. The year-end balance in the allowance for doubtful accounts was $9,000 for 2009 and $8,200 for 2008. Instructions Compute the following ratios for 2009. (a) Current. (h) Return on common stockholders’ equity. (b) Acid-test. (i) Earnings per share. (c) Receivables turnover. (j) Price-earnings. (d) Inventory turnover. (k) Payout. (e) Profit margin. (l) Debt to total assets. (f) Asset turnover. (m) Times interest earned. (g) Return on assets....
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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.
- Spring '11
- Income Statement