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Use the following data for Questions #58 through 63: The following information pertains to Sampson Company. Assume that all balance sheet amounts represent both average

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Use the following data for Questions #58 through 63: The following information pertains to Sampson Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investment:s Accounts receivable (net) Inventory Property, plant and equipment 45,000 25,000 20,000 210,000 300,000 Total Assets Current liabilities Long-term liabilities Stockholders' equity-common $ 50,000 90,000 Total Liabilities and Stockholders' Equity 5300,000 S 120,000 54,000 S 24,000 Sales Cost of goods sold Gross proft Operating expenses Net income 6,000 $20 50 Number of shares of common stock Market price of common stock Dividends per share What is the current ratio for Sampson? 58. d. 0.64 What is the inventory turnover for Sampson? a. 2.0 times b. 3.3 times c. 6.0 times d. 0.30 times 59. What is the receivables turnover for Sampson? a. 2.1 times 60. b. 2.0 times c. 4.8 times d. 9.6 times What is the return on common stockholders' equity for Sampson? a. b. . d. 61. 15% 13.1% 26.3% 30%

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