The following relationships were obtained for Boulder Mineral Company for 2012:

Current ratio                                                                3:1

Inventory turnover (average days supply)       12.167

Quick ratio                                                                  2:1

Debt/equity                                                      0.4:1

Retune on equity                                              0.75:1

Return on assets                                               0.65:1

Return on sales (profit margin)                        0.2:1

Receivables turnover                                                   25

Earnings per share                                         $16.00

Additional information:

1. Boulder Mineral Company generated $45,000 in net income during 2012.

2. Credit sales comprise 80 percent of net sales.

3. Cost of goods sold is 55 percent of net sales.

4. Current liabilities are 35 percent of total liabilities.

5. The balance in the cash account is $68,000.

6. The income tax rate was 34 percent.

REQUIRED:

Using the above information (and year-end balances), compute the following items.

a. Shareholders’ equity

b. Total liabilities

c. Total assets

d. Interest expense

e. Net income before taxes

f. Net sales

g. Credit sales

h. Accounts receivable

i. Cost of goods sold

j. Inventory turnover

k. Inventory

l. Current liabilities

m. Current assets

n. Marketable securities

o. Non-current assets

p. The number of shares of common stock outstanding.