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Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ Retained earnings CHOUT CURFURATSU Balance Sheet December
Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ Retained earnings CHOUT CURFURATSU Balance Sheet December 31 Liabilities and Equity 12,000 Accounts payable 9,600 Accrued wages payable 30,800 Income taxes payable 36,150 Long-term note payable, secured by 2,950 Common stock 149,300 $ 16,500 4,400 3,000 63,400 mortgage on plant assets 90,000 63,500 $240,800 Total liabilities and equity $ 240,800 Required: Compute the following: (1) current ratio, (2) acid-test ratio. (3) days' sales uncollected, (4) Inventory turnover, (5) days' sales in inventory. (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5 Req 61 Req 7 Req 8 Req 9 Req 10 Req 11 Compute the current ratio and acid-test ratio. (1) Current Ratio Choose Numerator: Choose Denominator: 7 T (2) Acid-Test Ratio Current Ratio Current rabo to 1
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