Cordillera Carson Company has the following balance sheet and income statement for 20X2 (in thousands):

(i) Current period's depreciation is $480.
(ii) Ending inventory for 20X1 was $1,800.
On the basis of this information, compute
(a) The current ratio.
(b) The acid-test ratio.
(c) The average collection period.
(d) The inventory turnover ratio.
(e) The debt-to-net-worth ratio.
(f) The long-term debt-to-total-capitalization ratio.
(g) The gross profit margin.
(h) The net profit margin.
(i) The return on equity.

Transcribed Image Text:

BALANCE SHEET INCOME STATEMENT Cash Accounts receivable Inventories Current assets Net fixed assets Total assets S 400 Net sales (all credit) 1,300 Cost of goods sold 2,100 Gross profit S12,680 8,930 S3,750 $3,800 Selling, general, and 3,320 administration expenses 2,230 460 S1,060 390 S670 $7,120 Interest expense Profit before taxes S 320 Taxes ccounts payable Accruals Short-term loans Current liabilities Long-term debt Net worth Total liabilities and net worth 260 1,100 $1,680 2,000 3.440 S7,120 Profit after taxes