1. Compute and Interpret financial ratios that managers use to assess liquidity.

2. Compute ans interpret financial ratios that managers use for asset management purposes.

3. Compute and interpret financial ratios that managers use for debt management purposes.

1 x | | Comparative Balance Sheet : ,G 3,400 Additional information: 22 Total current liabilities 23 bonds payable, 10% 24 Total liabilities 275,000 825,000 1,443,400 Dividend per share paid in current year 575,000 | 1.00 42.00 20.00 400,000Mar 2400,000 1,843400 Par value of common stock per share Number of shares outstanding 27 Retained earnings 28 Total stockholders equity 29 Total 1,150,000 1,135,00 2.285.000 1.150,000 941,600 2,091,600 685 000 3.935.000 I liabilities and stockholders' equity 31 Required: 33 Gross margin percentage 34 Current ratio (rounded to two decimal places) 35 Acid-test ratio (rounded to two decimal places) 36 Accounts receivable turnover (rounded to two decimal places) 37 Average collection period (rounded to the nearest whole day) 38 Inventory turnover ratio (rounded to two decimal places) 39 Average sales period (rounded to the nearest whole day) 40 Debt-to-equity ratio (rounded to two decimal places) Saved oblem 5]. | x v Al comparative Balance Sheet 3 Total liabilities and stockholders' equity s 4685,000 3.935,000 Required: Compute the following ratios for the current year only Gross margin percentage Current ratio (rounded to two decimal places) Acid-test ratio (rounded to two decimal places) Accounts receivable turnover (rounded to two decimal places) 7Average collection period (rounded to the nearest whole day) Inventory turnover ratio (rounded to two decimal places) 9 | Average sales period (rounded to the nearest whole day) 0 Debt-to-equity ratio (rounded to two decimal places) 1 Times interest earned (rounded to two decimal places) 2 Book value per share (rounded to two decimal places) 3 Earnings per share (rounded to two decimal places 4 Dividend payout ratio (rounded to three decimal places) 5 Dividend yield ratio (rounded to three decimal places) 6 Price-earnings ratio (rounded to two decimal places) 18 19 Prey 3 of