The comparative statements of Beulah Company are presented below.

Additional data:
The common stock recently sold at $19.50 per share.
Instructions
Compute the following ratios for 2014.
(a) Current.
(b) Acid-test.
(c) Receivables turnover.
(d) Inventory turnover.
(e) Profit margin.
(f) Asset turnover.
(g) Return on assets.
(h) Return on common stockholders equity.
(i) Earnings per share.
(j) Price-earnings.
(k) Payout.
(l) Debt to total assets.
(m) Times interest earned.

Transcribed Image Text:

Beulah Company Income Statement For the Years Ended December 31 2014 2013 Net sales (all on account) $500,000 $420,000 Cost of goods sold Selling and administrative Interest expense Income tax expense 254,000 114,800 6,500 15,000 390,300 36,700 29,700 315,000 120,800 7,500 20.000 Total expenses 463,300 Net income Beulah Company Balance Sheets December 31 Assets 2014 2013 Current assets 21,000 18,000 15,000 75,000 60,000 168,000 383,000 $627,000 $551,000 Cash Short-term investments Accounts receivable (net) Inventory 18,000 85,000 80,000 204,000 423,000 Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equit Current liabilities Accounts payable Income taxes payable $122,000 $110,000 11,000 121,000 12,000 134,000 Total current liabilities Long-term liabilities Bonds payable 120,000 254,000 80,000 201,000 Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings 150,000 200,000 350,000 $627,000$551,000 150,000 223,000 373,000 Total stockholders equity Total liabilities and stockholders' equity