Compute days sales in inventory

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Question: Selected year-end financial statements of McCord Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2010, were inventory, $32,400; total assets, $182,400; common stock, $90,000; and retained earnings, $31,300.)

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653_McCord 1.png

Required Compute the following:

(1) current ratio,

(2) acid-test ratio,

(3) days' sales uncollected,

(4) inventory turnover,

(5) days' sales in inventory,

(6) debt-to-equity ratio,

(7) times interest earned,

(8) profit margin ratio,

(9) total asset turnover,

(10) return on total assets, and

(11) return on common stockholders' equity.

Reference no: EM131536086

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