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Shown below is selected information from the financial statements of Dickson, Inc., a retail furniture store. From the balance sheet: Cash $ 30,000 Accounts receivable

Shown below is selected information from the financial statements of Dickson, Inc., a retail furniture store.

From the balance sheet:
Cash $ 30,000
Accounts receivable 150,000
Inventory 200,000
Plant assets (net of accumulated depreciation) 500,000
Current liabilities 150,000
Total stockholders' equity 300,000
Total assets 1,000,000
From the income statement:
Net sales $ 1,500,000
Cost of goods sold 1,080,000
Operating expenses 315,000
Interest expense 84,000
Income tax expense 6,000
Net income 15,000
From the statement of cash flows:
Net cash provided by operating activities (including interest paid of $79,000) $ 40,000
Net cash used in investing activities (46,000 )
Financing activities:
Amounts borrowed $ 50,000
Repayment of amounts borrowed (14,000 )
Dividends paid (20,000 )
Net cash provided by financing activities 16,000
Net increase in cash during the year $ 10,000

Instructions

b. Compute the following: (Round ratios to 1 decimal place.)

d.

Compute the following ratios (assume that the year-end amounts of total assets and total stockholders' equity also represent the average amounts throughout the year). (Round your answers to 1 decimal place.)

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