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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Assignment status: Resolved by our Writing Team
Source PrimeWritersBay.com
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