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

The comparative statements of Villa Tool Company are presented below.





All sales were on account. The allowance for doubtful accounts was $3,200 on December 31, 2011, and $3,000 on December 31, 2010.
Instructions
Compute the following ratios for 2011. (Weighted average common shares in 2011 were 57,000.)
(a) Earnings per share.
(b) Return on common stockholders’ equity.
(c) Return on assets.
(d) Current.
(e) Acid-test.
(f) Receivables turnover.
(g) Inventory turnover.
(h) Times interest earned.
(i) Asset turnover.
(j) Debt to totalassets.
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  • CreatedSeptember 13, 2011
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