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Galaxy United, Inc. 2011 and 2012 Balance Sheets 2011 2012 Cash $17,000 $16,500 Acts Receivable 54,100 56,700 Inventory 189,400 186,700 Current Assets 260,500 259,900 Net

Galaxy United, Inc.
2011 and 2012 Balance Sheets
2011 2012
Cash $17,000 $16,500
Acts Receivable 54,100 56,700
Inventory 189,400 186,700
Current Assets 260,500 259,900
Net Fixed Assets 261,300 282,100
Total Assets 521,800 542,000
Accounts Payable 128,600 134,700
Long-term Debt 147,500 135,500
Common stock 125,000 140,000
Retained Earnings 120,700 131,800
Total 521,800 542,000

**The par value for common stock is $1 per share

What is the quick ratio for 2012? ["0.54", "1.32", "1.67", "1.79"]

What is the price-sales ratio for 2012 if the market price is $18.49 per share? ["2.43", "3.29", "3.67", "4.22"]

How many days of sales are in receivables? (Use 2012 values) ["17.08 days", "23.33 days", "29.41 days", "33.70 days"]

What is the cash coverage ratio for 2012? ["8.43", "9.18", "11.64", "12.31"]

What is the return on equity? (Use 2012 values) ["14.26 percent", "15.38 percent", "15.64 percent", "19.96 percent"]

What is the amount of the dividends paid for 2012? ["$11,100", "$15,000", "$22,600", "$31,400"]

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