The comparative statements of Dillon Company are presented below and on the shown below. Additional data: The
Question:
The comparative statements of Dillon Company are presented below and on the shown below.
Additional data:
The ordinary shares recently sold at £19.50 per share.
The year-end balance in the allowance for doubtful accounts was £3,000 for 2012 and £2,400 for 2011.
Instructions
Compute the following ratios for 2012.
(a) Current.
(b) Acid-test.
(c) Receivables turnover.
(d) Inventory turnover.
(e) Profit margin.
(f) Asset turnover.
(g) Return on assets.
(h) Return on ordinary shareholders’ equity.
(i) Earnings per share.
(j) Price-earnings.
(k) Payout.
(l) Debt to total assets.
(m) Time interestearned.
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Related Book For
Financial accounting
ISBN: 978-1118285909
IFRS Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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