Reference no: EM13601507

Selected year-end financial statements of McCord Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2010, were inventory, $49,900; total assets, $169,400; common stock, $105,000; and retained earnings, $52,748.)

• McCORD CORPORATION
• Income Statement
• For Year Ended December 31, 2011
• Sales $ 453,600
• Cost of goods sold 297,550
• Gross profit 156,050
• Operating expenses 98,600
• Interest expense 4,700
• Income before taxes 52,750
• Income taxes 21,250
• Net income $ 31,500

McCORD CORPORATION

• Balance Sheet
• December 31, 2011
• Assets Liabilities and Equity
• Cash $ 16,000 Accounts payable $ 23,500
• Short-term investments 8,400 Accrued wages payable 4,400
• Accounts receivable, net 30,000 Income taxes payable 3,200
• Notes receivable (trade)* 7,000 Long-term note payable, secured
• Merchandise inventory 38,150 by mortgage on plant assets 71,400
• Prepaid expenses 2,650 Common stock 105,000
• Plant assets, net 147,300 Retained earnings 42,000

Total assets $ 249,500 Total liabilities and equity $ 249,500
These are short-term notes receivable arising from customer (trade) sales.

Required:
Compute the following. (Use 365 days a year. Do not round intermediate calculations and round your final answers to 1 decimal place. Omit the "%" sign in your response):

(1) Current ratio to
(2) Acid-test ratio to
(3) Days' sales uncollected (including note) days
(4) Inventory turnover times
(5) Days' sales in inventory days
(6) Debt-to-equity ratio to
(7) Times interest earned times
(8) Profit margin ratio %
(9) Total asset turnover times
(10) Return on total assets %
(11) Return on common stockholders' equity %