1. The following data is given: 
2. 
   
3. December 31, 2021 2020 Cash $59,000 $49,500 Accounts receivable (net) 95,000 62,000 Inventories 88,000 112,000 Plant assets (net) 383,000 321,000 Accounts payable 55,500 39,000 Salaries and wages payable 9,500 5,500 Bonds payable 71,000 71,500 8% Preferred stock, $40 par 100,000 100,000 Common stock, $10 par 120,000 90,000 Paid-in capital in excess of par 85,000 70,000 Retained earnings 184,000 168,500 Net credit sales 935,000 Cost of goods sold 745,000 Net income 84,000 Compute the following ratios: (Round answers to 2 decimal places e.g. 15.25.) 
4. 
   
5. (a) Acid-test ratio at 12/31/21 : 1
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7. (b) Accounts receivable turnover in 2021 times 
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9. (c) Inventory turnover in 2021 times 
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11. (d) Profit margin on sales in 2021 % 
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13. (e) Return on common stockholders’ equity in 2021 % 
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15. (f) Book value per share of common stock at 12/31/21 $

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Question a Acid Test Rabio 242000 88000 65000 c Acid Test Saho 237 b Alc ... View the full answer