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Ratio computations and analysis vogue companys condensed

Ratio Computations and Analysis Vogue Company's condensed financial statements provide the following information.

(a) Determine the following for 2010.

(1) Current ratio at December 31.

(2) Acid-test ratio at December 31.

(3) Accounts receivable turnover.

(4) Inventory turnover.

(5) Rate of return on assets.

(6) Profit margin on sales.

(b) Prepare a brief evaluation of the financial condition of Vogue Company and of the adequacy of its profits.

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Accounting Basics: Ratio computations and analysis vogue companys condensed

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