Yadier Corporation’s comparative balance sheets are presented below.

Yadier’s 2014 income statement included net sales of $100,000, cost of goods sold of $60,350, and net income of $14,000.

Instructions

Compute the following ratios for 2014.

(a) Current ratio.

(b) Acid-test ratio.

(c) Receivables turnover.

(d) Inventory turnover.

(e) Profit margin.

(f) Asset turnover.

(g) Return on assets.

(h) Return on common stockholders’ equity.

(i) Debt to total assets ratio.

Yadier Corporation Balance Sheets December 31 2014 2013 Cash Accounts receivable Inventory Land Buildings Accumulated depreciation-buildings 22,000 10,000 20,000 70,000 (15,000) 4,300 3,700 24,000 7,000 26,000 70,000 (10,000 $1,300 $120,700 12,000 31,100 69,000 20,600 ,300 $120,700 Total Accounts payable Common stock 75,000 24,300 Retained earnings Total