Information from Razure Adventures Companys financial statements for the current year are provided in the Working Papers.

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Information from Razure Adventures Company’s financial statements for the current year are provided in the Working Papers. Work independently to complete the following problem.

1. Calculate the following earnings performance and efficiency ratios for the current year. Round percentage calculations to the nearest 0.1%, dollar amounts to the nearest $.01, and the price-earnings ratio to the nearest 1 (tenth).

a. Rate earned on average total assets

b. Rate earned on average stockholders' equity

c. Rate earned on net sales

d. Earnings per share

e. Price-earnings ratio

f. Accounts receivable turnover ratio g. Average number of days for accounts receivable payment h. Merchandise inventory turnover ratio i. Average number of days' sales in merchandise inventory

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Accounting Advanced

ISBN: 9780538447553

9th Edition

Authors: Claudia Bienias Gilbertson

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