Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Mulder Corporation's comparative balance sheets are presented below. MULDER CORPORATION Balance Sheets December 31 2020 2019 $3,700 Cash Accounts receivable Inventory Land $9,860 17,340 10,540
Mulder Corporation's comparative balance sheets are presented below. MULDER CORPORATION Balance Sheets December 31 2020 2019 $3,700 Cash Accounts receivable Inventory Land $9,860 17,340 10,540 30,400 26,000 8,700 28,100 77,100 (11,000) $132,600 77,100 (14,700 ) $130,540 Building Accumulated depreciation Total Accounts payable Common stock ($5 par) Retained earnings Total $17,000 $32,000 68,000 68,000 45,540 32,600 $132,600 $130,540 Mulder's 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 (h) Return on common stockholders' equity % (i) Earnings per share $ (j) Payout ratio % (k) Debt to assets ratio % Mulder Corporation's comparative balance sheets are presented below. MULDER CORPORATION Balance Sheets December 31 2020 2019 $3,700 Cash Accounts receivable Inventory Land $9,860 17,340 10,540 30,400 26,000 8,700 28,100 77,100 (11,000) $132,600 77,100 (14,700 ) $130,540 Building Accumulated depreciation Total Accounts payable Common stock ($5 par) Retained earnings Total $17,000 $32,000 68,000 68,000 45,540 32,600 $132,600 $130,540 Mulder's 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 (h) Return on common stockholders' equity % (i) Earnings per share $ (j) Payout ratio % (k) Debt to assets ratio %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started