Stamford office supply company reported the following

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Stamford Office Supply Company reported the following selected financial statement data:

Cash

Dec 31, 2012

$30,000

Dec 31, 2013

$32,000

Accounts receivable (net)

48,000

52,000

Inventory

68,000

72,000

Plant assets (net)

210,000

218,000

Total assets

405,000

395,000

Liabilities

145,000

145,000

Shareholders' equity

260,000

250,000

Net sales

340,000

400,000

Cost of goods sold

220,000

280,000

Net income

20,000

25,000

Required:

Compute the following for 2013:

  1. The receivables turnover ratio.
  2. The inventory turnover ratio.
  3. The asset turnover ratio.
  4. The average collection period.
  5. The average days in inventory.
  6. The profit margin on sales.
  7. The return on assets.

Reference no: EM13572880

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