G B D E E G H 64 65 Problem #2 66 Selected current year-end financial statements for Wynn Corporation follow. (All sales were on credit; selected 67 balance sheet amounts at December 31 of the prior year were Inventory, $17,400; Total Assets, $94,900; Common 68 Stock. $35,500; and Retained Earnings, $18,800.) 69 70 Wynn Corporation 71 Income Statement 72 For Current Year Ended December 31 73 Sales 315,500.00 74 COGS 236,100.00 75 Gross Profit 79,400.00 76 Operating Expenses 49,200.00 77 Interest Expense 2,200.00 78 Income before Taxes 28,000.00 79 Income Tax Expense 4,200.00 80 Net Income 23,800.00 81 81 82 Wynn Corporation 83 Balance Sheet 84 December 31 of Current Year 85 Assets 86 Cash 6,100.00 87 Short-Term Investments 6,900.00 88 Accounts Receivable, net 15,100.00 89 Merchandise Inventory 13,500.00 90 Prepaid Expenses 2,000.00 91 Plant Assets, Net 73,900.00 92 Total Assets 117,500.00 93 Liabilities and Equity 94 Accounts Payable 11,500.00 95 Accrued Wages Payable 3,300.00 96 Income Taxes Payable 2,600.00 97 LT Note Payable, secured 30,000.00 98 Common Stock, $5 par 35,000.00 99 Retained Earnings 35,100.00 100 Total Liabilities and Equity 117,500.00 101 102 103 1. Compute the following: a) current ratio, b) acid-test ratio, c) days' sales uncollected; d) inventory 104 turnover; e) days' sales in inventory; f) debt-to-equity ratio; g) times interest earned; h) profit margin 105 ratio; i) total asset turnover; j) return on total assets; and k) return on common shareholders' equity. 106 Round to one decimal place; for part f, round to two decimals. Sheet1 Red