14-6A

The comparative statements of Beulah Company are presented below.

BEULAH COMPANY Income Statement For the Years Ended December 31
2014	2013
Net sales (all on account)	$500,000	$420,000
Expenses
Cost of goods sold	316,000	254,000
Selling and administrative	119,000	115,000
Interest expense	8,700	6,000
Income tax expense	19,400	14,400
Total expenses	463,100	389,400
Net income	$36,900	$30,600

BEULAH COMPANY Balance Sheets December 31
Assets	2014	2013
Current assets
Cash	$20,100	$18,600
Short-term investments	17,500	14,800
Accounts receivable (net)	86,400	73,100
Inventory	79,600	59,400
Total current assets	203,600	165,900
Plant assets (net)	423,000	384,000
Total assets	$626,600	$549,900
Liabilities and Stockholders Equity
Current liabilities
Accounts payable	$123,000	$111,000
Income taxes payable	12,000	11,700
Total current liabilities	135,000	122,700
Long-term liabilities
Bonds payable	119,000	79,400
Total liabilities	254,000	202,100
Stockholders equity
Common stock ($5 par)	151,000	151,000
Retained earnings	221,600	196,800
Total stockholders equity	372,600	347,800
Total liabilities and stockholders equity	$626,600	$549,900

Additional data:

The common stock recently sold at $20.50per share.

Compute the following ratios for 2014.(Round Earnings per share and Acid-test ratio to 2 decimal places, e.g. 1.65, and all others to 1 decimal place, e.g. 6.8 or 6.8% .)

(a)	Current ratio		:1
(b)	Acid-test ratio		:1
(c)	Accounts receivable turnover		times
(d)	Inventory turnover		times
(e)	Profit margin		%
(f)	Asset turnover		times
(g)	Return on assets		%
(h)	Return on common stockholders equity		%
(i)	Earnings per share	$
(j)	Price-earnings ratio		times
(k)	Payout ratio		%
(l)	Debt to total assets		%
(m)	Times interest earned		times

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