Question: The comparative statements of Painter Tool Company are presented below

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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