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see the attach Selected year-end financial statements of Cadet Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2008, were

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Selected year-end financial statements of Cadet Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2008, were inventory, $56,900; total assets, $219,400; common stock, $85,000; and retained earnings, $52,348.) CADET CORPORATION Income Statement For Year Ended December 31, 2009 $456,6 Sales 00 Cost 297,45 of 0 goods sold Gross 159,15 profit 0 Oper ating 99,400 expens es Intere st 3,900 expens e Inco me 55,850 before taxes Inco 22,499 me taxes $33,35 Net 1 income CADET CORPOR ATION Balance Sheet December 31, 2009 Assets Cash Shortterm investmen ts Account s receivable , net Notes receivable $20,000 Liabilities and Equity Accounts payable $21,500 8,200 Accrued wages payable 4,400 29,400 Income taxes payable 3,700 7,000 Long-term note 67,400 payable, secured by mortgage on plant assets (trade)* Merchan dise inventory Prepaid expenses Plant assets, net Total assets 34,150 2,700 147,300 Common stock 85,000 Retained earnings Total liabilities and equity 66,750 $248,750 $248,750 * These are short-term notes receivable arising from customer (trade) sales. Required: Compute the following: (Do not round interim calculations. Round your answers to 1 decimal place. Omit the "%" sign in your response.) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Current ratio Acid-test ratio Days' sales uncollected Inventory turnover Days' sales in inventory Debt-to-equity ratio Times interest earned Profit margin ratio Total asset turnover Return on total assets Return on common stockholders' equity to to days times days to times % times % %

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