The following information pertains to Carla Vista Company: 

Cash $19,500 

Accounts receivable 125,000 

Inventory 74,500 

Plant assets (net) 383,500 

Total assets $602,500 

Accounts payable $75,500 

Accrued taxes and expenses payable 24,500 

Long-term debt 49,000  

Common stock ($10 par) 155,000 

Paid-in capital in excess of par 88,500 

Retained earnings 210,000 

Total equities $602,500 

Net sales (all on credit) $803,000 

Cost of goods sold 604,000 

Net income 80,500 

Compute the following: (Round answers to 2 decimal places e.g. 15.25.) 

(a)Current ratio:  2.19:1 

(b)Inventory turnover times:  8.11 times 

(c)Accounts receivable turnover times: 6.42 times 

(d)Book value per share:  $29.26

(e)Earnings per share: $5.19

(f)Debt to assets %:   Not sure if I just include long-term debt of $49,000 in the numerator or ($75,500 + $24,500 + $49,000)?

(g)Profit margin on sales %: 10.02%

(h)Return on common stockholders’ equity %: 17.75%

Answer rating: 100% (QA)

aCurrent ratio Current Assets Current Liabilities 19500 125000 74500 75500 24500 2190... View the full answer