The following data is given:

Instructions
Compute the following ratios:
(a) Acid-test ratio at 12/31/11.
(b) Receivables turnover in 2011.
(c) Inventory turnover in 2011.
(d) Profit margin on sales in 2011.
(e) Rate of return on common stock equity in 2011.
(f) Book value per share of common stock at12/31/11.

2 8 Accounts receivable (net) 3 Plant assets (net) Accounts payable Wages payable 10% Preferred stock, $40 par Common stock, S10 par 0 Net credit sales Cost of goods sold