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Mulder Corporations comparative balance sheets are presented below. MULDER CORPORATION Balance Sheets December 31 2020 2019 Cash $10,400 $3,500 Accounts receivable 16,480 24,200 Inventory 11,360
Mulder Corporations comparative balance sheets are presented below.
MULDER CORPORATION Balance Sheets December 31 | ||||||
2020 | 2019 | |||||
Cash | $10,400 | $3,500 | ||||
Accounts receivable | 16,480 | 24,200 | ||||
Inventory | 11,360 | 8,200 | ||||
Land | 34,200 | 27,500 | ||||
Building | 70,700 | 70,700 | ||||
Accumulated depreciation | (13,900 | ) | (11,200 | ) | ||
Total | $129,240 | $122,900 | ||||
Accounts payable | $16,000 | $29,200 | ||||
Common stock ($5 par) | 70,000 | 70,000 | ||||
Retained earnings | 43,240 | 23,700 | ||||
Total | $129,240 | $122,900 |
Mulders 2020 income statement included net sales of $101,700, cost of goods sold of $58,680, and net income of $25,425. Compute the following ratios for 2020. (Round Current ratio, Acid-test ratio, Accounts receivable turnover, Inventory turnover, Asset turnover and Earnings per share to 2 decimal places, e.g. 15.25 or 15.25%. Round Debt to assets ratio to 1 decimal place, e.g. 15.2%. Round other answers to 0 decimal places, e.g. 15 or 15%.)
(a) Current ratio (b) Acid-test ratio (c1) Accounts receivable turnover (c2) Average collection period days (d1) Inventory turnover (d2) Days in inventory days (e) Profit margin (f) Asset turnover (g) Return on assets (h) Return on common stockholdersequity (i) Earnings per share (j) Payout ratio (k) Debt to assets ratio
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