Problem 14-6A

The comparative statements of Beulah Company are presented below.

BEULAH COMPANY Income Statement For the Years Ended December 31
2014	2013
Net sales (all on account)	$500,000	$420,000
Expenses
Cost of goods sold	315,000	254,000
Selling and administrative	120,000	114,000
Interest expense	8,600	6,600
Income tax expense	20,000	14,300
Total expenses	463,600	388,900
Net income	$ 36,400	$ 31,100

BEULAH COMPANY Balance Sheets December 31
Assets	2014	2013
Current assets
Cash	$ 20,400	$ 18,300
Short-term investments	18,800	14,900
Accounts receivable (net)	86,600	74,800
Inventory	80,300	60,500
Total current assets	206,100	168,500
Plant assets (net)	423,000	383,000
Total assets	$629,100	$551,500
Liabilities and Stockholders Equity
Current liabilities
Accounts payable	$121,000	$110,000
Income taxes payable	11,400	11,400
Total current liabilities	132,400	121,400
Long-term liabilities
Bonds payable	120,000	79,200
Total liabilities	252,400	200,600
Stockholders equity
Common stock ($5 par)	150,000	150,000
Retained earnings	226,700	200,900
Total stockholders equity	376,700	350,900
Total liabilities and stockholders equity	$629,100	$551,500

Additional data: The common stock recently sold at $18.00 per share. Compute the following ratios for 2014. (Round Earnings per share and Acid-test ratio to 2 decimal places, e.g. 1.65, and all others to 1 decimal place, e.g. 6.8 or 6.8% .)

(a)	Current ratio		:1
(b)	Acid-test ratio		:1
(c)	Accounts receivable turnover		times
(d)	Inventory turnover		times
(e)	Profit margin		%
(f)	Asset turnover		times
(g)	Return on assets		%
(h)	Return on common stockholders equity		%
(i)	Earnings per share	$
(j)	Price-earnings ratio		times
(k)	Payout ratio		%
(l)	Debt to total assets		%
(m)	Times interest earned		times