Exercise 91 The following information pertains to Wamser Company: Cash $18,500 Accounts receivable 125,000 Inventory 74,500 Plant assets (ne) 380,000 $598,000 Total assets Accounts payable Accrued taxes and expenses payable $74,500 24,500 Long-term debt Common stock ($10 par) 48,500 155,000 Paid-in capital in exce ccess of par 88,500 Retained earnings 207,000 Total equities $598,000 Net sales (all on credit) Cost of goods sold Net income $8000 00 600,000 80,500 Compute the following: (Round answers to 2 decimal places e.g. 15.25.) (a) Current ratio : 1 (b) Inventory turnover times (c) Accounts receivable turnover times (d) Book value per share (e) Earnings per share (r) Debt to assets % (g) Profit margin on sales % (h) Return on common stock holders' equity % Exercise 91 Your answer is partially correct. Try again. The following information pertains to Wamser Company: Cash $18,500 Accounts receivable 125,000 Inventory 74,500 380,000 $598,000 Plant assets (net) Total assets Accounts payable $74,500 Accrued taxes and expenses payable 24,500 Long-term debt 48,500 Common stock ($10 par) Paid-in capital in excess of par Retained earnings 155,000 88,500 207,000 $598,000 Total equities Net sales (all on credit) $800,000 Cost of goods sold 600,000 80,500 Net income Compute the following: (Round answers to 2 decimal places e.g. 15.25.) (a) Current ratio 2.18 1 (b) Inventory turnover 8.05 times (c) Accounts receivable turnover 6.04 times (d) Book value per share 29.06 (e) Earnings per share 5.19 (1) Debt to assets (g) Profit margin on sales 10.06 % (h) Return on common stock holders equity 17.86 %