The following data is given:

December 31,

2015 2014

Cash $ 4,300 $ 3,700

Accounts receivable (net) 22,000 23,400

Inventories 10,000 7,000

Plant assets (net) 75,000 86,000

Total 111,300 120,100

Accounts payable 12,370 11,100

Bonds payable 70,000 70,000

Common stock, $10 par 65,000 59,000

Paid-in capital 10,000 10,000

Retained earnings 24,300 20,600

Net credit sales 100,000

Cost of goods sold 60,350

Net income 14,000

Instructions

Compute the following ratios for 2015.

(a) Current ratio.

(b) Acid-test ratio.

(c) Accounts receivable turnover.

(d) Inventory turnover.

(e) Profit margin on sales.

(f) Asset turnover.

(g) Return on assets.