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The following information relates to Contessa Corporation. Current year Prior year Account Net sales (all credit) Cost of goods sold Gross profit Income from operations

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The following information relates to Contessa Corporation. Current year Prior year Account Net sales (all credit) Cost of goods sold Gross profit Income from operations Interest expense Net income Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Total long-term assets Total current liabilities Total long-term liabilities Common stock, no par, 4,990 shares, value $50/share $529,250 $379,575 $149,675 $95,500 $23,500 $57,385 $26,000 $33,800 $42,000 $2,000 $103,800 $62,000 $46,000 $20,000 $499,500 $353,600 $145,900 $79,900 $19,500 $51,600 $15,900 $23,340 $30,300 $1,500 $72,040 $38,000 $41,600 $22,700 $30,000 $30,000 C. Required: a. What is the acid-test ratio for the current year? b. What is the inventory turnover for the current year? What is days' sales in receivables for the current year? d. What is the book value per share of common stock for the current year? What is the price-earnings ratio for the current year? f. What is the rate of return on total assets for the current year? g. What is the times-interest-earned ratio for the current year? h. What is the current ratio for the current year? e

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