Description of this paper

Accounts receivable, net

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solution


Question

Accounts receivable, net;29,400;Income taxes payable;3,700;Notes receivable (trade)*;7,000;Long-term note payable, secured by mortgage on plant assets;67,400;Merchandise inventory;34,150;Common stock;85,000;Prepaid expenses;2,700;Retained earnings;66,750;Plant assets, net;147,300;Total liabilities and equity;$;248,750;Total assets;$;248,750;* These are short-term notes receivable arising from customer (trade) sales.;Required;Compute the following: (Do not round interim calculations. Round your answers to 1 decimal place. Omit the "%" sign in your response.);1.;Current ratio;to;2.;Acid-test ratio;to;3.;Days' sales uncollected;days;4.;Inventory turnover;times;5.;Days' sales in inventory;days;6.;Debt-to-equity ratio;to;7.;Times interest earned;times;8.;Profit margin ratio;%;9.;Total asset turnover;times;10.;Return on total assets;%;11.;Return on common stockholders' equity

 

Paper#25448 | Written in 18-Jul-2015

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