Question:
From the income statement and balance sheet of Alexander Company (Figures 22.16 and 22.17), compute the following for 2013:
ALEXANDER COMPANY
COMPARATIVE INCOME STATEMENT
FOR YEARS ENDED DECEMBER 31, 2013, AND DECEMBER 31, 2012
(a) Current ratio,
(b) Acid test ratio,
(c) Accounts receivable turnover,
(d) Average collection period,
(e) Inventory turnover,
(f) Asset turnover,
(g) Debt to total assets,
(h) Debt to stockholders equity,
(i) Times interest earned,
(j) Gross profit rate,
(k) Return on sales,
(l) Return on total assets,
(m) Return on stockholdersequity.
Transcribed Image Text:
December 31 2013 2012 Net Credit Sales Cost of Goods Sold Gross Profit from Sales 638 75000 38000000 255| 5|이어001 2 16101010100 38325000 1640000 Operating Expenses Sellin General and Administrative 7670000 I09/00 000 261015|()|()() || 18|41010100 102750 00 12740looo 60000 Total Operating Expenses 2 80 50000366 Less Interest Expense 6 50000 26400000 30 184 80olool S1800000 Income Before Taxes 00oo00 Net Income ALEXANDER COMPANY COMPARATIVE BÁLANCE SHEET DECEMBER 31, 2013, AND DECEMBER 31, 2012 December 31 2013 Assets 2012 Current Assets: Cash Accounts Receivable, Net Merchandise Invent 4050000 2400000 750000250000 olooo 13800000 S16350000 aid Expenses Total Current Assets Plant and Equipment S 271010|0|00 Office Equip Total Assets 어이이00 2650000 Net Liabilities Current Liabilities Notes Payable Accounts Payable $ 3210100100 3여뎌 이어00 Total Current Liabilities $600|01010() 55| 어이이()() Long-Term Liabilities: Mortgage Payable Total Liabilities $ 3910100100 ls 31 어이。100 Stockholders Equit Common Stock, $10 par value Retained Earnin S 50()|0|0100 -50101010100 1600000 985 0000 Total Stockholders Equity Total Liabilities and Stockholders Equit I$16500000 22650000