Question: From the income statement Figure 22 10 and balance sheet Figure

From the income statement (Figure 22.10) and balance sheet (Figure 22.11) of Austin Company, compute the following for 2013:
In Figure 22.10


(a) Current ratio,
(b) Acid test ratio,
(c) Accounts receivable turnover,
(d) Average collection period,
(e) Inventory turnover,
(f) Asset turnover,
(g) Debt to total assets,
(h) Debt to stockholders’ equity,
(i) Times interest earned,
(j) Gross profit rate,
(k) Return on sales,
(l) Return on total assets,
In Figure 22.11
AUSTIN COMPANY
COMPARATIVE BALANCE SHEET
DECEMBER 31, 2013, AND DECEMBER 31, 2012


(m) Return on common stockholders’equity


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  • CreatedApril 24, 2014
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