exercise 92 the following data is given

The following data is given: Cash Accounts receivable (net) Inventories Plant assets (net) December 31, 2018 2017 $66,000 $49,500 89,500 62,000 89,500 116,000 384,000 323,000 Accounts payable Salaries and wages payable Bonds payable 8% Preferred stock, $40 par Common stock, $10 par Paid-in capital in excess of par Retained earnings 55,500 12,000 70,000 100,000 120,000 85,000 186,500 41,000 4,500 70,000 100,000 90,000 65,000 180,000 Net credit sales Cost of goods sold Net income 925,000 715,000 82,000 Compute the following ratios: (Round answers to 2 decimal places e.g. 15.25.) (a) Acid-test ratio at 12/31/18 2.30 : 1 (b) Accounts receivable turnover in 2018 12.21 times (c) Inventory turnover in 2018 6.96 times (d) Profit margin on sales in 2018 8.86 (e) Return on common stock holders' equity in 2018 (1) Book value per share of common stock at 12/31/18 32.62 Click if you would like to show Work for this question: Open Show Work LINK TO TEXT Question Attemnts