This company paid dividends of $3.15 per share during the year. The market price of the company's shares at Dec 31 was $63 per share. Assets at the beginning of the year totalled $1,100,000 and shareholders' equity totalled $725,000. The balance of accounts receivable at the beginning of the year was $150,000. The balance in inventory at the beginning of the year was $250,000.

Compute the following:

Current ratio

Acid-test (quick) ratio

Average-collection period

Inventory turnover

Times interest earned

Debt to equity ratio

Dividend payout ratio

Dividend yield ratio

Price-earnings ratio

Return on total assets

Return on common shareholders' equity

Was the financial leverage positive or negative for the year? Explain.

Hancial statements for AAR Company appear below AAR Company Balance Sheet December 31 $21.000 Cash and marketable 1 Accounts receivable, net Ontory 300.000 Prepaid expenses Total assets 490.000 Plantes Menn AAR Company For the Year Ende d December 31 dollars in thous