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26. Given the following financial data for Alpha Company, calculate the ratios listed below the data. (Compute all ratios and percents to 2 decimal points.)
26. Given the following financial data for Alpha Company, calculate the ratios listed below the data. (Compute all ratios and percents to 2 decimal points.) Sales (all on $650,000 credit) Cost of Goods 422,500 Sold Income before 78,000 Income Taxes Net Income 54,600 Ending Balances Beginning Balances $19,500 65,000 $15,000 59,800 Cash Accounts Receivable (net) Merchandise Inventory Plant and Equipment (net) Total Assets 71,500 66,300 195,000 183,900 $351,000 $325,000 $74,100 $100,200 97,500 100,000 Current Liabilities Long-Term Notes Payable Stockholders' Equity Total Liabilities and Stockholders' Equity 179,400 124,800 $351,000 $325,000 A. Current Ratio B. Acid-Test Ratio C. Accounts Receivable Turnover D. Days' Sales Uncollected E. Inventory Turnover F. Days' Sales in Inventory G. Debt Ratio (%) H. Gross Margin Ratio (%). 1. Return on Total Assets (%)
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