Selected year-end financial statements of overland


Question: Selected year-end financial statements of Overland Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2010, were inventory, $16,400; total assets, $95,900; common stock, $41,500; and retained earnings, $19,800.)

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Required: Compute the following: (1) current ratio,

(2) acid-test ratio,

(3) days' sales uncollected,

(4) inventory turnover,

(5) days' sales in inventory,

(6) debt-to-equity ratio,

(7) times interest earned,

(8) profit margin ratio,

(9) total asset turnover,

(10) return on total assets, and

(11) return on common stockholders' equity.

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Accounting Basics: Selected year-end financial statements of overland
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