RATIO ANALYSIS OF COMPARATIVE FINANCIAL STATEMENTS Refer to the financial statements in Problem 24-8A.

REQUIRED

Calculate the following ratios and amounts for 20-1 and 20-2 (round all calculations to two decimal places):

(a) Return on assets (Total assets on January 1, 20-1, were $175,750.)

(b) Return on common stockholders’ equity (Total common stockholders’ equity on

January 1, 20-1, was $106,944.)

(c) Earnings per share of common stock (The average numbers of shares outstanding were 8,400 shares in 20-1 and 9,200 in 20-2.)

(d) Book value per share of common stock

(e) Quick ratio

(f) Current ratio

(g) Working capital

(h) Receivables turnover (Net receivables on January 1, 20-1, were $39,800.)

(i) Merchandise inventory turnover (Merchandise inventory on January 1, 20-1, was $48,970.)

(j) Debt-to-equity ratio

(k) Asset turnover (Assets on January 1, 20-1, were $175,750.)

(l) Times interest earned ratio

(m) Profit margin ratio

(n) Assets-to-equity ratio

(o) Price-earnings ratio (The market price of the common stock was $100.00 and $85.00 on December 31, 20-2 and 20-1, respectively.)