The following information pertains to Wamser Company:

Cash		$18,500
Accounts receivable		125,000
Inventory		74,500
Plant assets (net)		385,000
Total assets		$603,000
Accounts payable		$75,000
Accrued taxes and expenses payable		24,500
Long-term debt		48,500
Common stock ($10 par)		155,000
Paid-in capital in excess of par		88,500
Retained earnings		211,500
Total equities		$603,000
Net sales (all on credit)		$804,000
Cost of goods sold		603,500
Net income		80,500

Compute the following: (Round answers to 2 decimal places e.g. 15.25.)

(a)		Current ratio			: 1
(b)		Inventory turnover			times
(c)		Accounts receivable turnover			times
(d)		Book value per share		$
(e)		Earnings per share		$
(f)		Debt to assets			%
(g)		Profit margin on sales			%
(h)		Return on common stock holders’ equity			%

Answer rating: 100% (QA)

To compute the given financial ratios and values well use the provided information a Current ratio t... View the full answer