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Mulder Corporations comparative balance sheets are presented below. MULDER CORPORATION Balance Sheets December 31 2020 2019 Cash $9,860 $3,700 Accounts receivable 17,340 26,000 Inventory 10,540
Mulder Corporations comparative balance sheets are presented below.
MULDER CORPORATION Balance Sheets December 31 | ||||||
2020 | 2019 | |||||
Cash | $9,860 | $3,700 | ||||
Accounts receivable | 17,340 | 26,000 | ||||
Inventory | 10,540 | 8,700 | ||||
Land | 30,400 | 28,100 | ||||
Building | 77,100 | 77,100 | ||||
Accumulated depreciation | (14,700 | ) | (11,000 | ) | ||
Total | $130,540 | $132,600 | ||||
Accounts payable | $17,000 | $32,000 | ||||
Common stock ($5 par) | 68,000 | 68,000 | ||||
Retained earnings | 45,540 | 32,600 | ||||
Total | $130,540 | $132,600 |
Mulders 2020 income statement included net sales of $108,350, cost of goods sold of $57,720, and net income of $21,670. 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 stockholders equity | % | ||
(i) | Earnings per share | $ | ||
(j) | Payout ratio | % | ||
(k) | Debt to assets ratio | % |
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