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9) 1) Current Ratio 2) Return on common stockholders' equity 3) Price earnings ratio 4) Inventory turnover ratio 5) Receivables turnover 6) Times interest earned
9)
1) Current Ratio
2) Return on common stockholders' equity
3) Price earnings ratio
4) Inventory turnover ratio
5) Receivables turnover
6) Times interest earned
7) Profit margin ratio
8) Average days in inventory
9) Payout ratio
10) Return on assets
11) Cash debt coverage ratio
12) Earnings per share
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appear below: LEWIS COMPANY Comparative Balance Sheet December 31 Assets Cash Marketable securities Accounts receivable (net) Inventory Property, plant and equipment (net) 2011 $ 25,00040,000 60,000 30,000 170,000 200,000 $405,000 $500,000 20,000 50,000 140,000 170,000 Total assets Liabilities and stockholders'equity Accounts payable Short-term notes payable Bonds payable Common stock Retained earnings $ 25,000 40,000 75,000 160,000 105,000 $ 30,000 90,000 160,000 145,000 75,000 Total liabilities and stockholders' equity LEWIS COMPANY Income Statement For the Year Ended December 31,2012 Net sales (all on credit) Cost of goods sold Gross profit Expenses $360,000 184.000 176,000 $11,000 30,000 20,000 Interest expense Selling expenses Administrative expenses 61.000 115,000 35,000 $80,000 Total expenses Income before income taxes Income tax expense Net income Additional information: (a) Cash dividends of S50,000 were declared and paid on common stock in 2012 (b) Weighted-average number of shares of common stock outstanding during 2012 was 64,000 shares. (c) Market value of common stock on December 31,2012, was $15 per share (d) Net cash provided by operating activities for 2012 was $70,000 ng the financial statements and additional information, compute the Instructions - Usi following ratios for the Lewis Company for 2012. Formulas used along with computations must be clearly shownStep by Step Solution
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