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Required: During the year, the company earned a gross profit of $1,116,000 on sales of $2,950,000. Accounts receivable, inventory, and plant assets remained almost constant
Required: During the year, the company earned a gross profit of $1,116,000 on sales of $2,950,000. Accounts receivable, inventory, and plant assets remained almost constant in amount throughout the year, so year-end figures may be used rather than averages. a. Compute the current ratio. Note: Round your answer to 2 decimal place. b. Compute the quick ratio. Note: Round your answer to 2 decimal place. c. Compute the working capital. d. Compute the debt ratio. Note: Round your percentage answer to nearest whole percent. i.e. 0.1234 as 12%. e. Compute the accounts receivable turnover (all sales were on credit). Note: Round your answer to 2 decimal places. f. Compute the inventory turnover. Note: Round your answer to 2 decimal places. g. Compute the book value per share of capital stock. Note: Round your answer to 2 decimal places
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