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Selected information from the comparative financial statements of Yonk Corporation for the year ended December 31 appears below. Yonk has had 15,000 average shares of
Selected information from the comparative financial statements of Yonk Corporation for the year ended December 31 appears below. Yonk has had 15,000 average shares of common stock outstanding for both years. 2016 2015 Cash Accounts receivable (net) Inventory Total assets Current liabilities Long-term debt Net credit sales. Cost of goods sold Interest expense Income tax expense Net income S 45,000 130,000 1,100,000 140,000 410,000 800,000 600,000 40,000 60,000 50,000 200,000 150,000 800,000 110,000 300,000 700,000 530,000 25,000 29,000 85,000 Answer the following questions relating to the year ended December 31, 2016. Show and label all calculations 1. The inventory turnover ratio for 2016 is 2. The number of times interest earned ratio in 2016 is 3. The earnings per share for 2016 is 4. The current ratio for 2016 is 5. Profit margin ratio for 2016 is 6. The return on common stockholders' equity ratio for 2016 is
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