Compute the following ratios for 2015:

(a) Current ratio= Working Capital=

(b) Acid-test ratio= (c)Accounts receivable turnover= Average Collection Period (Average Days to Collect)=

(d) Inventory turnover= Days in inventory (Average Days to Sell)= Operating Cycle = Average Days to Sell + Average Days to Collect

'(e ) Profit Margin = (f) Asset turnover = (g) Return on Assets =

(h) Return on Common Stockholders' Equity =

ARID Company

Income Statement

					2015		2014
Net Sales (all on account)					$930,000		820,000
Expenses
	Cost of goods sold				715,000		616,000
	Selling and administrative				145,000		150,000
	Interest expense				17,000		18,000
	Income tax expense				21,000		15,000
		Total expenses			898,000		799,000
Net income					$32,000		$21,000

Balance Sheets FYE 12/31 2015 2014 Assets Current assets Cash Short-term investments Accounts receivable Inventory 45,000 36,000 94,000 82,000 257,000 550,000 $807,000 $23,000 18,000 89,000 68,000 198,000 560,000 $758,000 Total current assets Plant assets (net) Total assets Liabilities and Stockholder Current liabilities Accounts payable Income taxes payable 140,000 35,000 175,000 120,000 38,000 158,000 Total current liabilities Long-term liabilities Bonds payable 160,000 335,000 170,000 328,000 Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings 195,000 277,000 472,000 $807.000 185,000 245,000 430,000 $758,000 Total stockholders' equity Total liabilities and stockholders Additional data The common stock recently sold at $20.00 per share