The comparative statements of Beulah Company Limited are presented below.

BEULAH COMPANY LIMITED

Income Statement

For the Years Ended December 31

BEULAH COMPANY LIMITED
Statements of Financial Position
December 31

Additional data:
The ordinary shares recently sold at £19.50 per share.
Instructions
Compute the following ratios for 2017.
(a) Current ratio.
(b) Acid-test ratio.
(c) Accounts receivable turnover.
(d) Inventory turnover.
(e) Profit margin.
(f) Asset turnover.
(g) Return on assets.
(h) Return on ordinary shareholders' equity.
(i) Earnings per share.
(j) Price-earnings ratio.
(k) Payout ratio.
(l) Debt to assets ratio.
(m) Times interest earned?

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2017 2016 Net sales (all on account) £500,000 £420,000 Expenses Cost of goods sold Selling and administrative Interest expense Income tax expense 315,000 120,800 254,000 114,800 6,500 15,000 390,300 £ 29,700 7,500 20,000 463,300 E 36,700 Total expenses Net income Assets Plant assets (net) Current assets 2017 2016 £423,000 £383,000 Inventory Accounts receivable (net) Short-term investments Cash 80,000 85,000 18,000 21,000 204,000 £627,000 60,000 75,000 15,000 18,000 168,000 £551,000 Total current assets Total assets Equity and Liabilities Equity Share capital-ordinary (5 par) 50,000 £150,000 200,000 350,000 Retained earnings 223,000 373,000 Total equity Bonds payable Accounts payable Non-current liabilities 120,000 80,000 Current liabilities 122,000 12,000 134,000 254,000 £627,000 110,000 11,000 121,000 201,000 £551,000 Income taxes payable Total current liabilities Total liabilities Total equity and liabilities