Compute the current ratio and inventory turnover times

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Reference no: EM132326303

Question

The following information pertains to Wamser Company:

Cash$22,000

Accounts receivable125,500

Inventory75,000

Plant assets (net)385,000

Total assets$607,500

Accounts payable$75,500

Accrued taxes and expenses payable25,500

Long-term debt49,500

Common stock ($10 par)165,000

Paid-in capital in excess of par89,500

Retained earnings202,500

Total equities$607,500

Net sales (all on credit)$804,500

Cost of goods sold600,500

Net income 81,000

Compute the following: (Round answers to 2 decimal places e.g. 15.25.)

(a)Current ratio

(b)Inventory turnover times

(c)Accounts receivable turnover times

(d)Book value per share$

(e) Earnings per share$

(f) Debt to assets

(g) Profit margin on sales

(h) Return on common stock holders' equity

Reference no: EM132326303

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