Mulder Corporation's comparative balance sheets are presented below. MULDER CORPORATION Balance Sheets December 31 Cash Accounts...

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Mulder Corporation's comparative balance sheets are presented below. MULDER CORPORATION Balance Sheets December 31 Cash Accounts receivable Inventory Land Buildings Accumulated depreciation - buildings Total Accounts payable Common stock ($5 par) Retained earnings Total 2015 $ 10,300 16,200 11,000 32,000 74,000 (15,000) $128.500 $ 17,370 70,000 41,130 $128.500 2014 $ 3,900 24,400 8,000 28,000 74,000 (12,000) $126.300 $ 31,100 70,000 25,200 $126.300 Mulder's 2015 income statement included net sales of $100,000, cost of goods sold of $60,000, and net income of $20,000. (d) Inventory turnover and days in inventory. (e) Profit margin. (f) Asset turnover. (g) Return on assets. (h) Return on common stockholders' equity. (i) Earnings per share. (j) Payout ratio. (k) Debt to assets ratio. ii) Comment on the liquidity position of the company Instructions i) Compute the following ratios for 2015. (a) Current ratio. (b) Acid-test ratio. (c) Accounts receivable turnover and average collection period. Mulder Corporation's comparative balance sheets are presented below. MULDER CORPORATION Balance Sheets December 31 Cash Accounts receivable Inventory Land Buildings Accumulated depreciation - buildings Total Accounts payable Common stock ($5 par) Retained earnings Total 2015 $ 10,300 16,200 11,000 32,000 74,000 (15,000) $128.500 $ 17,370 70,000 41,130 $128.500 2014 $ 3,900 24,400 8,000 28,000 74,000 (12,000) $126.300 $ 31,100 70,000 25,200 $126.300 Mulder's 2015 income statement included net sales of $100,000, cost of goods sold of $60,000, and net income of $20,000. (d) Inventory turnover and days in inventory. (e) Profit margin. (f) Asset turnover. (g) Return on assets. (h) Return on common stockholders' equity. (i) Earnings per share. (j) Payout ratio. (k) Debt to assets ratio. ii) Comment on the liquidity position of the company Instructions i) Compute the following ratios for 2015. (a) Current ratio. (b) Acid-test ratio. (c) Accounts receivable turnover and average collection period.

Answer rating: 100% (QA)

i Ratios for 2015 a Current ratio 184 b Acidtest ratio 084 c Accounts receivable turnover 617 times ... View the full answer