Question
The following information pertains to Wamser Company: Cash $22,500 Accounts receivable 125,000 Inventory 75,500 Plant assets (net) 384,000 Total assets $607,000 Accounts payable $75,500 Accrued
The following information pertains to Wamser Company: Cash $22,500 Accounts receivable 125,000 Inventory 75,500 Plant assets (net) 384,000 Total assets $607,000 Accounts payable $75,500 Accrued taxes and expenses payable 25,000 Long-term debt 48,500 Common stock ($10 par) 160,000 Paid-in capital in excess of par 89,000 Retained earnings 209,000 Total equities $607,000 Net sales (all on credit) $804,500 Cost of goods sold 601,500 Net income 81,000 Compute the following: (Round answers to 2 decimal places e.g. 15.25.) (a) Current ratio Entry field with correct answer : 1 (b) Inventory turnover Entry field with incorrect answer times (c) Accounts receivable turnover Entry field with incorrect answer times (d) Book value per share $ Entry field with incorrect answer (e) Earnings per share $ Entry field with correct answer (f) Debt to assets Entry field with incorrect answer % (g) Profit margin on sales Entry field with incorrect answer % (h) Return on common stock equity Entry field with incorrect answer %
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