The comparative financial statements of Quest Polymers, Inc., are as follows. The market price of Quest Polymers,
Question:
The comparative financial statements of Quest Polymers, Inc., are as follows. The market price of Quest Polymers, Inc., common stock was $64 on December 31, 2007.
Instructions
Determine the following measures for 2007, rounding to nearest single digit after the decimal point:
1. Working capital
2. Current ratio
3. Quick ratio
4. Accounts receivable turnover
5. Number of days’ sales in receivables
6. Inventory turnover
7. Number of days’ sales in inventory
8. Ratio of fixed assets to long-term liabilities
9. Ratio of liabilities to stockholders’ equity
10. Number of times interest charges earned
11. Asset turnover
12. Rate earned on total assets
13. Rate earned on stockholders’ equity
14. Earnings per share on common stock
15. Price-earnings ratio
16. Dividends per share of common stock
17. Dividend yield
18. DuPont formula
19. Leverage formula
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Step by Step Answer:
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren