Question

The comparative statements of Painter Tool Company are presented below.


All sales were on account.

Instructions
Compute the following ratios for 2015. (Weighted-average common shares in 2015 were
57,000.)
(a) Earnings per share.
(b) Return on common stockholders’ equity.
(c) Return on assets.
(d) Current ratio.
(e) Acid-test ratio.
(f) Accounts receivable turnover.
(g) Inventory turnover.
(h) Times interest earned.
(i) Asset turnover.
(j) Debt to assetsratio.


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  • CreatedJanuary 30, 2014
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