Use the following information from the current year financial statements of a company to calculate the ratios below: (a) Current ratio. (b) Accounts receivable turnover. (Assume the prior year's accounts receivable balance was $100,000.) (c) Days' sales uncollected. (d) Inventory turnover. (Assume the prior year's inventory was $50,200.) (e) Times interest earned ratio. (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.) (g) Earnings per share (assuming the corporation has a simple capital structure, with only common stock outstanding). (h) Price earnings ratio. (Assume the company's stock is selling for $26 per share.) (i) Divided yield ratio. (Assume that the company paid $1.25 per share in cash dividends.)

Income Statement data:

Sales (all on credit).................................... $1,075,000 Cost of goods sold................................. 575,000 Gross profits on sales................................500,000 Operating expenses.................................. 305,000 Operating income...................................... 195,000 Interest expense........................................ 20,400 Income before taxes.................................. 174,600 Income taxes.............................................. 74,000 Net income................................................. 100,600

Balance sheet data:

Cash.............................................................. $ 38,400 Accounts Receivable................................. 120,000 Inventory..................................................... 56,700 Prepaid Expenses....................................... 24,000 Total current assets................................... 239,100 Total plant assets...................................... 708,900 Total assets................................................. 948,000 Accounts payable...................................... 91,200 Interest payable....................................... 4,800 Long-term liabilities.................................. 204,000 Total Liabilities........................................... 300,000 Common stock, $10 par............................. 480,000 Retained earnings........................................ 168,000

Total liabilities and equity.......................... 948,000