Use the following information from the current year financial statements of a company to calculate the ratios and provide appropriate explanation (meaning) of the ratio below: (a) Current ratio= Total Current Assets/ Total Current Liabilities (b) Accounts receivable turnover. (Assume the prior year's accounts receivable balance was $100,000.) Net Sales/ Average Accounts Receivables (c) Days' sales uncollected.= Ending Accounts Receivables/Net Sales* 365 Days (d) Inventory turnover. (Assume the prior year's inventory was $50,200.) = Cost of Goods Sold/ Average Inventory (e) Times interest earned ratio.= (Net Income+ Income Taxes + Interest Expense)/ Interest Expense (f) Return on common stockholders' equity. (Assume the prior year's common stock balance was $480,000 and the retained earnings balance was $128,000.) = Net Income/ Average Common Stockholder's Equity (g) Earnings per share (assuming the corporation only has common stock outstanding). = Net Income /Outstanding common shares (h) Price earnings ratio. (Assume the company's stock is selling for $26 per share.) Market Price per share/ Earnings Per Share

Use the following information from the current year financial statements of a company to calculate the ratios and provide appropilate explanation (meaning) of the ratio below: (a) Current ratio = Total Current Assets/ Total Current Liabilites (b) Accounts recelvable turnover. (Assume the ptior year's accounts receivable balance was $100,000j) Net Sales/ Average. Accounts Aecelvables (c) Days' sales uncollected. Ending Accounts Receivabies/Net Sales * 365 Days (d) inventory tumover. (Assume the prior year's inventory was $50,200 ) = Cost of Goods Sold/ Average Inventory (e) Times interest earned ratio : (Net income+ Income Toxes + Interest Expense) Interest Expense (f) Return on common stockholders' equity. (Assume the prior year's common stock balance was $480.000 and the retoined eamings balance was $128,000 ) . Net incomer Average Common Stochholder's Equity (9) Earnings per share (assuming the corporation only has common stock outstanding) = Net income Ooutstanding common shares (h) Price earnings ratio. (Assume the compony's stock is seling for $26 per share) Market Price per share/ Earnings Per Share Use the following information from the curtent year financial statements of a company to calculate the ratios and provide appropriate explanation fareaning) of the ratio below: (a) Current ratio Total Current Assets/ Total Current Liabulities (b) Accounts recelvable turnover. (Assume the prior year's accounts recelvable bolance was $100,000j= Net Sales/ Averoge Accounts Receivables (c) Days' sales uncollected.= Ending Accounts Receivabies/Net Sales * 365 Doys (d) Inventory tumover. (Assume the prior year's imventory was $50,200 ) = Cost of Goods Sold/ Average Inventory (e) Times interest earned ratio. (Net income+ income Taxes + interest Expense) Interest Expense (f) Return on common stockholders' equity. (Assume the prior year's common stock balance wos $480.000 and the retained eamings balance was $128,000 ) Net Incomel Average Common Stockholder's Equity (g) Earnings per share (assuming the corporation only has common stock outstanding) = Net income Ooutstanding common shares (h) Price earnings ratio, (Assume the company's stock is selling for $26 per share.) Market Price per share/ Earnings Per Shate