The year-end statements of Riverbank Corporation follow: Assume all sales were on credit. On the December 31,1990

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The year-end statements of Riverbank Corporation follow:

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Assume all sales were on credit. On the December 31,1990 , balance sheet, the assets totaled \(\$ 350,300\), common stock was \(\$ 225,000\), and retained earnings was \(\$ 100,200\).

\section*{Required}
Calculate the following:

(a) current ratio,

(b) acid-test ratio,

(c) days' sales uncollected, \((d)\) merchandise turnover, \((e)\) ratio of pledged plant assets to secured liabilities, \((f)\) times fixed interest charges earned, \((g)\) profit margin, \((h)\) total asset turnover, ( \(i\) ) return on total assets employed, and \((j)\) return on common stockholders' equity.

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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