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The condensed financial statements of Marks Company for the years 2014-2015 are presented below: Marks Company Comparative Balance Sheets As of December 31, 2014 and

The condensed financial statements of Marks Company for the years 2014-2015 are presented below:

Marks Company

Comparative Balance Sheets

As of December 31, 2014 and 2015

2015 2014

Cash$385,000 $160,000

Accounts receivable (net)

368,000 309,000

Inventories 379,000 341,000

Plant and equipment 1,834,000 1,112,000

Accumulated depreciation (260,000) (194,000)

$2,706,000 $1,728,000

Accounts payable $341,000 $163,000

Dividends payable -0- 40,000

Bonds payable 401,000 -0-

Common stock ($10 par) 1,523,000 1,240,000

Retained earning s 441,000 285,000

$2,706,000 $1,728,000

Additional data:Market value of stock at 12/31/15 is $80 per share.Marks sold 34,000 shares of common stock at par on July 1, 2015.

Marks Company

Condensed Income Statement

For the Year Ended December 31, 2015Sales revenue$2,401,000Cost of goods sold1,642,000Gross profit759,000Administrative and selling expenses504,000Net income$255,000

Compute the following financial ratios by placing the proper amounts for numerators and denominators.(Round per unit answers to 2 decimal places, e.g. 52.75.)

(a)Current ratio at 12/31/15$

$

(b)Acid test ratio at 12/31/15$

$

(c)Accounts receivable turnover in 2015$

$

(d)Inventory turnover in 2015$

$

(e)Profit margin on sales in 2015$

$

(f)Earnings per share in 2015$

(g)Return on common stock equity in 2015$

$

(h)Price earnings ratio at 12/31/15$

$

(i)Debt to assets at 12/31/15$

$

(j)Book value per share at 12/31/15$

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