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C) Use information in the below table to compute the following ratios for 2002. a: Current ratio b: Quick ratio c: Account Receivable turnover d:

C) Use information in the below table to compute the following ratios for 2002.

a: Current ratio

b: Quick ratio

c: Account Receivable turnover

d: Debt to Equity

e: Return on equity

f: Gross Profit margin

g: Earnings per share

h: Market Price per Share

In Dollars

2002

2001

Sales

800,000

600,000

Cost of goods sold

600,000

500,000

Net income

90,000

75,000

Cash

75,000

55,000

Account Receivable

87,000

81,000

Inventories

65,000

75,000

Fixed Assets

20,000

18,000

Current Liabilities

54,810

51,000

Long term Liabilities

50,000

25,000

Shareholders Equity

179,690

120,000

Preferred dividends

0

0

Shares of common stocks

150,000

150,000

Price-Earnings ratio (P/E)

3.0

2.8

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