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The following data is available for Donald Company: Credit Sales $1,702 Net Income $112 Total Current Assets $366 Total Current Liabilities $226 Accounts Receivable, current
The following data is available for Donald Company: Credit Sales $1,702 Net Income $112 Total Current Assets $366 Total Current Liabilities $226 Accounts Receivable, current year $160 Accounts Receivable, prior year $156 Total Stockholders' Equity, current year $550 Total Stockholders' Equity, prior year $500 Retained Earnings, current year $366 Retained Earnings, prior year 346 Market price per share $50 Number of Common Shares Outstanding 46 Required: Compute the following ratios: A) current ratio B) average collection period in days C) return on stockholders' equity D) price-earnings ratio
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