(A5Q5)

Rinker Corporations comparative balance sheet is presented below.

RINKER CORPORATION Balance Sheet December 31
	2024	2023
Cash	$ 5,300	$ 3,700
Accounts receivable	21,200	23,400
Inventory	9,000	7,000
Land	20,000	26,000
Buildings	70,000	70,000
Accumulated depreciation buildings	(15,000)	(10,000)
Total	$110,500	$120,100
Accounts payable	$ 10,370	$ 31,100
Common payable	75,000	69,000
Retained earnings	25,130	20,000
Total	$110,500	$120,100

Rinkers 2024 income statement included net sales of $120,000, cost of goods sold of $70,000, and profit of $14,000.

Instructions

Calculate the following ratios for 2024.

1 Current ratio

2 Acid-test ratio

3 Receivables turnover

4 Collection period

5 Inventory turnover

6 Days sales in inventory

7 Profit margin

8 Asset turnover

9 Return on assets

10 Return on equity

11 Debt to total assets