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Additional data: The common stock recently sold at $19.50 per share. The year-end balance in the allowance for doubtful accounts was $3,000 for 2009 and
Additional data: The common stock recently sold at $19.50 per share. The year-end balance in the allowance for doubtful accounts was $3,000 for 2009 and $2,400 for 2008. Instructions Compute the following ratios for 2009. (a) Current. (h) Return on common stockholders? equity. (b) Acid-test. (i) Earnings per share. (c) Receivables turnover. (j) Price-earnings. (d) Inventory turnover. (k) Payout. (e) Profit margin. (l) Debt to total assets. (f) Asset turnover. (m) Times interest earned. (g) Return on assets.
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