The following data is given: December 31,20152014 Cash$65,500 $51,500 Accounts receivable (net)90,500 60,500 Inventories90,500 116,000 Plant assets (net)382,500 325,000 A

The following data is given: December 31,20152014 Cash$65,500 $51,500 Accounts receivable (net)90,500 60,500 Inventories90,500 116,000 Plant assets (net)382,500 325,000 Accounts payable 55,000 39,500 Salaries and wages payable 11,500 5,000 Bonds payable 69,500 71,500 8% Preferred stock, $40 par 100,000 100,000 Common stock, $10 par 120,000 90,000 Paid-in capital in excess of par 80,000 65,000 Retained earnings 193,000 182,000 Net credit sales 965,000 Cost of goods sold 715,000 Net income 85,000 Compute the following ratios:(Round answers to 2 decimal places e.g. 15.25.) (a)Acid-test ratio at 12/31/15 : 1 (b)Accounts receivable turnover in 2015 times (c)Inventory turnover in 2015 times (d)Profit margin on sales in 2015 % (e)Return on common stock equity in 2015 % (f)Book value per share of common stock at 12/31/15 $


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