Saturday, March 17, 2018

The following information pertains to Wamser Company: Cash$22,500 Accounts receivable126,000 Inventory75,000 Plant assets (net)385,000 Total assets$608,500 Accounts payable$75,500 Accrued taxes and expenses payable24,500 Long-term debt48,500

The following information pertains to Wamser Company: Cash$22,500 Accounts receivable126,000 Inventory75,000 Plant assets (net)385,000 Total assets$608,500 Accounts payable$75,500 Accrued taxes and expenses payable24,500 Long-term debt48,500 Common stock ($10 par)160,000 Paid-in capital in excess of par88,500 Retained earnings211,500 Total equities$608,500 Net sales (all on credit)$800,000 Cost of goods sold600,000 Net income 81,000 Compute the following:(Round answers to 2 decimal places e.g. 15.25.) (a)Current ratio : 1 (b)Inventory turnover times (c)Accounts receivable turnover times (d)Book value per share $ (e)Earnings per share $ (f)Debt to assets % (g)Profit margin on sales % ?(h)Return on common stock equity %


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