1 Mini-Exercise 11-1 (Algo) Calculate liquidity measures The following amounts were reported on the December 31, 2019, balance sheet: $ oints Cash Accounts receivable Common stock 52,000 143,000 260,000 Wages payable 32,500 Retained earnings 520,000 Land 130,000 eBook Accounts payable 11,100 Bonds payable 764,160 Merchandise inventory 92,760 Buildings and equipment, net of References accumulated depreciation 1,170,000 Required: a. Calculate working capital at December 31, 2019. b. Calculate the current ratio at December 31, 2019. (Round your answer to 1 decimal place.) c. Calculate the acid-test ratio at December 31, 2019. (Round your answer to 1 decimal place.) a. Working capital b. Current ratio c Acid-test ratio 2 Mini-Exercise 11-2 (Algo) Calculate activity measures The following information was available for the year ended December 31, 2019 points Book Hint References Net sales $1,076,750 Cost of goods sold 653,350 Average accounts receivable for the year 43,950 Accounts receivable at year-end 19,200 222,000 158,400 Average inventory for the year Inventory at year-end Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory for 2019, using year-end inventories. (Use 365 days a year. Round your answer to 1 decimal place.) c. Calculate the accounts receivable turnover for 2019. (Round your answer to 1 decimal place.) d. Calculate the number of days' sales in accounts receivable for 2019, using year-end accounts receivable. (Use 365 days a year. Round your answer to 1 decimal place.) a. Inventory turnover b. Number of days' sales in Inventory c Accounts receivable turnover d. Number of days' sales in accounts receivable times days times days 3 Mini-Exercise 11-3 (Algo) Calculate profitability measures The following information was available for the year ended December 31, 2019 points Sales Net income $580,000 82,820 Average total assets 880,000 Average total stockholders' equity 395,000 Dividends per share 1.39 Earnings per share 3.00 Book Market price per share at year-end 29.40 References Required: a. Calculate margin, turnover, and ROI for the year ended December 31, 2019. b. Calculate ROE for the year ended December 31, 2019 c. Calculate the price/earnings ratio for 2019. d. Calculate the dividend payout ratio for 2019. e. Calculate the dividend yield for 2019. Complete this question by entering your answers in the tabs below. Req A Req B to E Calculate margin, turnover, and ROI for the year ended December 31, 2019. (Round your intermediate calculations and final answers to 2 decimal places.) Margin Turnover times ROI % A Req B to E>