The comparative statements of Ultra Vision Company are presented below:

Additional data:
The common stock recently sold at \(\$ 19.50\) per share.
\section*{Instructions}
Compute the following ratios for 1996:

(a) Current.
(h) Return on common stockholders' equity.

(b) Acid-test (i) Earnings per share.

(c) Receivables turnover.
(j) Price-earnings.

(d) Inventory turnover.
(k) Payout.

(e) Profit margin.
(l) Debt to total assets.

(f) Asset turnover (m) Times interest earned.
(g) Return on assets.

Transcribed Image Text:

ULTRA VISION COMPANY Income Statement For Year Ended December 31 1996 1995 Net sales (all on account) $600,000 $520,000 Expenses Cost of goods sold 415,000 354,000 Selling and administrative 120,800 114,800 Interest expense 7,200 6,000 Income tax expense 18,000 14,000 Total expenses 561,000 488,800 Net income $ 39,000 $ 31,200