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Eastside Grocers reported the following for its two most recent fiscal years: (Click to view the information.) i More Info Calculate the following for the
Eastside Grocers reported the following for its two most recent fiscal years: (Click to view the information.) i More Info Calculate the following for the year ended December 31, 2012: 1. Current ratio 2. Accounts receivable turnover ratio 3. Inventory turnover ratio 4. Return on assets 5. Return on equity $ $ December 31 Cash Receivables (net) Merchandise inventory 2012 28,000 62,000 80,000 300,000 470,000 2011 24,000 72,000 34,000 290,000 Plant assels (net) 3. Calculate the inventory turnover ratio for the year ended December 31, 2012. Begin by selecting the formula used to calculate inventory turnover. Then enter the amounts to calculate the inventory turnover ratio for 2012 $ 420,000 Total assets Accounts payable = Inventory turnover ratio Long-term notes payable Common stock 47,000 75,000 140,000 208,000 64,000 105,000 129,000 122,000 4. Calculate return on assets for the year ended December 31, 2012. Retained earnings Begin by selecting the formula used to calculate return on assets. Then enter the amounts to calculate return on assets for 2012. (Round you $ 470,000 $ 420,000 = Return on assets $ 77,000 Total Liabilities and Shareholders' Equity Net income for the year ended 12/31/12 Sales (all sales were on account) Cost of goods sold Interest expense 5. Calculate retum on equity for the year ended December 31, 2012. 470,000 215.000 2,400 Begin by selecting the formula used to calculate return on equity. Then enter the amounts to calculate return on equity for 2012. (Round your = Return on equity Print Done Choose from any list or enter any number in the input fields and then continue to the next
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