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From the following information, compute the ratios indicated and place the proper numbers in the spaces provided. Assume the average for the year is the

From the following information, compute the ratios indicated and place the proper numbers in the spaces provided. Assume the average for the year is the same as the ending balances for the balance sheet accounts. Round answers to one decimal place, and show your work.

A Corporation

Balance Sheet

December 31, 2014

Assets

Cash

$ 40,000

Marketable securities

10,000

Accounts receivable (net)

45,000

Inventory

70,000

Prepaid expenses

20,000

Property, plant, and equipment

210,000

Total assets

$395,000

Liabilities and Stockholders' Equity

Current liabilities

$ 55,000

Long-term liabilities

120,000

Stockholders' equity

220,000

Total liabilities and stockholders' equity

$395,000

A Corporation

Income Statement

For the Year Ended December 31, 2014

Net sales

$180,000

Cost of goods sold

145,000

Gross margin

$ 35,000

Operating expenses

Selling and administrative expenses

$ 10,000

Interest expense

10,000

Income taxes expense

6,000

26,000

Net income

$ 9,000

The company had 5,000 shares of common stock issued and outstanding. The market price of common stock at year end was $16.00 per share. Dividends paid in 2014 were $0.50 per share.

Current ratio

Asset turnover

Quick ratio

Return on assets

Receivable turnover

Return on equity

Days' sales uncollected

Debt to equity ratio

Inventory turnover

Interest coverage ratio

Profit margin

Days' inventory on hand

Dividend yield

Price/earnings (P/E) ratio

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