financial statements of grange company appear below

Grange Company Income Statement For the Year Ended December 31, 2012 $2,400,000 1.680.000 720,000 Sales (all on account) Cost of goods sold Gross margin Operating expenses Net operating income 280.000 440,000 30.000 410,000 Interest expense Net income before taxes Income taxes (30%) 123.000 S 287.000 Net income Dividends during 2012 totaled $127.000, of which $5,000 were preferred dividends. The market price of a share of common stock on December 31, 2012, was $100. Required: Compute the following liquidity ratios for 2012: A. Current ratio B. Quick ratio C. Accounts Receivable Tumover Ratio D. Inventory Turnover Ratio E. Inventory Turnover in Days Required: Compute the following leverage ratios for 2012: Times-interest-carned ratio A B. Debt ratio C. Debt-to-equity ratio Required: Compute the following profitability ratios for 2012: Grange Company Comparative Balance Sheet December 31, 2012 and 2011 2012 2011 Current acts: Cash and marketable securities $ 180,000 150,000 100,000 40.000 470,000 $ 160,000 120,000 100,000 50.000 Accounts receivable, net Inventory Prepaid expenses Total current assets Noncurrent assets: Plant & equipment, net Total assets 430,000 1.390.000 1.320,000 SL 750.000 S1.860.000 Current liabilities: $ 130,000 $ 130,000 60,000 80,000 Accounts payable Accrued liabilities Notes payable, short term Total current liabilities 100,000 100.000 290,000 310,000 270.000 300.000 560.000 610.000 100,000 Noncurrent liabilities: Bonds payable Total liabilities Stockholders' equity: Preferred stock, 85 par, 5% Common stock, $5 par Additional paid-in capital--common stock Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 220,000 100,000 220,000 190,000 790,000 190,000 630.000 1.300.000 1.140,000 $1.860,000 S1.750.000 Return on Sales A. B. Return on Total Assets C. Return on Common Stockholders' Equity D. Earnings per share GOOD Reviewed & Impared by: or C olleg