ACCNTing Hw.

Use the above information to determine the following ratios for 2X13:

a. Quick ratio

b. Average collection period in days

c. Total-debt-to-total-equity

d. Pretax return on assets (ROA)

e. Return on common stockholder's equity (ROE)

The following financial statements are available for Jerry Company: Comparative Income Statements For the Years Ending December 31,2X13 and 2X12 2X132X12 $750 $690 Sales (all credit) Cost of Goods Sold Gross Profit Less: Operating Expenses Operating Income Less: Income lax Expense Net Income 440 400 $310 $290 $90 $ 85 $50$48 220 205 40 37 Comparative Balance Sheets December 31,2X13 and 2X12 2X13 2X12 2X13 2X12 Current Assets: Current Liabilities: Cash Accounts Payable $ 24$ 20 15 18 Total Current Liab. $42 S 53 Long-Term Liabilities8030 Total Liabilities $122 S 83 $20 $15 Taxes Payable Note Payable 11 Accounts Receivable4537 $125 $122 $290 S200 Total Long-Term Assets $130 $ 60 Inventory 60 7 Total Current Assets Long-Term Assets: Equipment Less: Accum. Depr (160) 140 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liab. & $40 $40 9359 $133$ 99 Total Assets $255 S182 Stockholders' Equity S255 S182