Harmony Corporation reported these figures: Harmony has 3,125 shares of common stock outstanding. Its stock has traded

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Harmony Corporation reported these figures:

Harmony Corporation reported these figures:  .:. Harmony has 3,125

Harmony has 3,125 shares of common stock outstanding. Its stock has traded recently at $ 31.20 per share. You would like to gain a better understanding of Harmony€™s financial position. Calculate the following ratios for 2014 and interpret the results:
a. Inventory turnover
b. Days€™ sales in receivables
c. Acid- test ratio
d. Times- interest- earned
e. Return on stockholders€™ equity
f. Earnings per share
g. Price/ earningsratio

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Managerial Accounting

ISBN: 978-0133428377

4th edition

Authors: Karen W. Braun, Wendy M. Tietz

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