Problem: The following information pertains to Walrus Inc.
|
Cash
|
$60,000
|
|
Accounts receivable
|
170,000
|
|
Inventory
|
100,000
|
|
Plant assets (net)
|
582,000
|
|
Total assets
|
$912,000
|
| |
|
|
Accounts payable
|
$110,000
|
|
Accrued taxes and expenses payable
|
42,000
|
|
Long-term debt
|
120,000
|
|
Common stock ($10 par)
|
260,000
|
|
Paid-in capital in excess of par
|
50,000
|
|
Retained earnings
|
330,000
|
|
Total equities
|
$912,000
|
| |
|
|
Net sales (all on credit)
|
$2,000,000
|
|
Cost of goods sold
|
1,400,000
|
|
Net income
|
120,000
|
Required: Compute the following: (ignore Avg for balance sheet accounts)
(a) Current ratio
(b) Inventory turnover
(c) Receivables turnover
(d) Book value per share
(e) Earnings per share
(f) Debt to total assets
(g) Profit margin on sales
(h) Return on common stock equity