Exercise 91

The following information pertains to Wamser Company:

Cash$22,000Accounts receivable125,500Inventory75,000Plant assets (net)385,000Total assets$607,500Accounts payable$75,500Accrued taxes and expenses payable25,500Long-term debt49,500Common stock ($10 par)165,000Paid-in capital in excess of par89,500Retained earnings202,500Total equities$607,500Net sales (all on credit)$804,500Cost of goods sold600,500Net income

81,000

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$

(f)Debt to assets

%(g)Profit margin on sales

%(h)Return on common stock holders' equity

%