Solution-Compute the following ratios for the griffin

Compute the following ratios for the griffin company for the

Reference no: EM13987397

The 2009 financial statement for the Griffin Company are as follows:

GRIFFIN COMPANY STATEMENT OF FINANCIAL POSITION
	12/31/12	12/31/11
Assets
Cash	$40,000	$10,00
Accounts receivable	30,000	55,000
Inventory	110,000	70,000
Property, plant and equipment	250,000	257,000
Total assets	$430,000	$392,000
Liabilities and stockholders' equity
Current liabilities	$60,000	$50,000
5% mortgage payable	120,000	162,000
Common stock (30,000 shares)	150,000	150,000
Retained earnings	100,000	30,000
Total liabilities and stockholders' equity	$430,000	$392,000

GRIFFIN COMPANY INCOME STATEMENT FOR THE YEAR ENDED December 31,2012
Sales on Account	$420,000
Less Expenses
Cost of goods sold	$214,00
Salary expense	50,000
Depreciation expense	7,0000
Interest expense	9,000
Total expense	$280,000
Income before taxes	140,000
Income tax expenses (50%)	70,000
Net income	$70,000

Compute the following ratios for the Griffin Company for the year ending December 31, 2012

A. Profit margin ratio(before interest and taxes)

B. Total asset turnover

C. Rate of return on total assets

D. Rate of return on common stockholders' equity

E. Earnings per share of stock

F. Inventory turnover

G. Current ratio

H. Quick ratio

I. Accounts receivable turnover

J. Debt-to-equity ratio

K. Times interest earned

Reference no: EM13987397

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Compute the following ratios for the griffin company for the

Reference no: EM13987397

Reference no: EM13987397

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