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Mulder Corporation's comparative balance sheets are presented below. MULDER CORPORATION Balance Sheets December 31 2017 $10,300 2016 $ 3,900 Cash Accounts receivable 24,400 16,200 Inventory
Mulder Corporation's comparative balance sheets are presented below. MULDER CORPORATION Balance Sheets December 31 2017 $10,300 2016 $ 3,900 Cash Accounts receivable 24,400 16,200 Inventory 8,000 28,000 74,000 (12,000) $126,300 $ 31,100 70,000 25,200 $126.300 11,000 32,000 Land Buildings Accumulated depreciation - buildings 74,000 (15,000) $128,500 $ 17,370 Total Accounts payable Common stock ($5 par) 70,000 41,130 Retained earnings Total $128,500 Mulder's 2017 income statement included net sales of $100,000, cost of goods sold of $60,000, and net income of $20,000. Instructions Compute the following ratios for 2017. (a) Current ratio. (b) Acid-test ratio. (c) Accounts receivable turnover and average collection period. (d) Inventory turnover and days in inventory. (e) Profit margin. (f) Asset turnover. (g) Return on assets. (h) Return on common stockholders' equity. (i) Earnings per share i) Payout ratio. (k) Debt to assets ratio
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