Using the financial data provided on Kotler Incorporation, calculate the following financial ratios:

1. Inventory turnover in days
2. Acid-test (quick) ratio
3. Times interest earned
4. Book Value per Share
5. Gross Margin percentage

The financial statements of Kotler Incorporation are found below. In addition, account balances at the beginning of the year were as follows:

Accounts Receivable - $25,000; Inventory - $60,000.All sales were on account.

Kotler Incorporated Balance Sheet as at December 31, XX

ASSETS

Cash $6500

Accounts Receivable, net $35000

Merchandise Inventory $70000

Prepaid Expenses $3500

Total Current Assets $115000

Noncurrent Assets:

Property, Plant & Equipment $185000

TOTAL ASSETS $300,000

LIABILITIES

Current Liabilities

Accounts Payable $50000

Bonds Payable, 10% $80000

Total Liabilities $130,000

Shareholder's Equity:

Common Shares. $30000

Retained Earnings $140,000

Total Shareholders Equity $170,000

Total Liabilities & Equity $300,000

Kotler Incorporated Income Statement for the Year ended December 31, XX

Sales $420,000

Less: COGS $292,500

Gross Margin $127,500

Less: Operating Expenses $89,500

Net Operating Income $38,000

Interest Expense $8,000

Net Income before Taxes $30,000

Income Taxes (30%) $9,000

Net Income before taxes $21,000