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The following data is given:
Cash
$66,000
Accounts receivable (net)
90,000
Inventories
Plant assets (net)
383,000
Accounts payable
55,000
Salaries and wages payable
10,000
Bonds payable
70,000
8% Preferred stock, $40 par
100,000
Common stock, $10 par
120,000
Paid-in capital in excess of par
80,000
Retained earnings
194,000
Net credit sales
900,000
Cost of goods sold
700,000
Net income
81,000
Compute the following ratios:
(a) Add-test ratio at 12/31/15
(b) Accounts receivable turnover in 2015
(c) Inventory turnover in 2015
(d) Profit margin on sales in 2015
(e) Return on common stock equity in 2015
(f) Book value per share of common stock at 12/31/15
Sam has unlimited demand for both products. Therefore, which product should Sam tell his sales people to emphasize and calculate contribution margin to determine the best product.
evaluate the gain on the sale but difficulty figuring out the nature of the gain. can somebody help me out?in 2012 paul
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