Selected year-end financial statements of McCord Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2010, were inventory, $32,400; total assets, $182,400; common stock, $90,000; and retained earnings, $31,300.)

Required
Compute the following:
(1) Current ratio,
(2) Acid-test ratio,
(3) Days’ sales uncollected,
(4) Inventory turnover,
(5) Days’ sales in inventory,
(6) Debt-to-equity ratio,
(7) Times interest earned,
(8) Profit margin ratio,
(9) Total asset turnover,
(10) Return on total assets, and
(11) Return on common stockholders’equity.

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McCORD CORPORATION Income Statement For Year Ended December 31,2011 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income taxes....--cr Net income.. $348.600 229,150 119.450 52.500 3.100 63.850 15.800 48,050 Balance Sheet December 31, 2011 Assets Cash Short-term investments Accounts receivable, net Notes receivable (trade)* Merchandise inventor)y Prepaid expenses Plant assets, net . Total assetsn*. Liabilities and Equity $ 16,500 2.200 2,300 .. 9.000 Accounts payable . 7.400 Accrued wages payable.. 28.200 Income taxes payable 3,500 Long-term note payable, secured 31150 by mortgage on plant assets 1.650 Common stock 62,400 90,000 59.800 $233,200 Retained earnings. Total liabilities and $233,200