Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ACC 205 - Ashford - Week 5 Assignment - Chapter 9 Problem 2 (May-June) I need help with the final ratios at the bottom please.

ACC 205 - Ashford - Week 5 Assignment - Chapter 9 Problem 2 (May-June)

I need help with the final ratios at the bottom please. I've been trying to work these ratios and can't get them right. Help would be appreciated!

assets 20X2 20X1
current assets
cash and short term investments 3,400 3,000
accounts receivable (net) 6,000 4,800
inventories 5,000 4,600
total current assets 14,400 12,400
land 4,700 3,000
buildings and equipment 4,500 3,400
total property, plant and equipment 9,200 6,400
total assets 23,600 18,800
accounts payable 4,800 4,100
notes payable 4,100 4,300
total current liabilities 5,900 6,000
bonds payable 7,100 4,500
total liabilities 13,000 10,500
common stock par value $1 3,200 2,600
number of shares 3,200 2,600
retained earnings 7,400 5,700
total stockholds equity 10,600 8,300
total liabilities and stockholders equity 2,360 18,800
net sales 45,000
quick ratio 1.59
current ratio 2.44
inventory-turnover ratio ?
accounts receivable turnover ratio 8.33
return on assets ratio 0.44
net profit margin ratio

?

return on common stockholders equity 0.99
det to total assets 0.55
number of times that interest is

?

dividend payout rate

?

\D:,U

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting

Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton

7th Edition

978-1760421144, 1760421146

Students also viewed these Accounting questions