Use the financial statements and related footnotes of Tyler Corporation shown in Appendix \(\mathrm{H}\) beginning on page 731 to complete the following requirements:

\section*{Required}

1. Calculate the following ratios and turnovers for 1987 and 1986:

(a) current ratio,

(b) acid-test ratio,

(c) days' sales uncollected,

(d) profit margin, \((e)\) total asset turnover, \((f)\) return on total assets employed, and \((g)\) return on common stockholders' equity.

2. Prepare common-size statements for the portions of the 1987 and 1986 income statements that relate to continuing operations. (Net sales, income, and earnings per share are from continuing operations and before extraordinary items unless otherwise noted.)

3. After reviewing your answers to requirements 1 and 2 and reviewing the financial statements and related footnotes of Tyler Corporation, write a brief summary and evaluation of the results of 1987 compared to 1986 .