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Exercise P15-6 Instructions Compute the following proportions for 2009 (a)Current: Current proportionality equals current additions divided by current liabilities. $635,000 = 2.39:1 $265,000 (b)Acid-Test: burst the pith of hard currency, short-term investments, and dinero receivable by current liabilities. hard cash $21,000 Short-term investment $18,000 Accounts due ( web) $83,000 Total $122,000 $122,000 = 0.84:1 $145,000 (c)Receivables turnover: break open force out credit sales (net sales less cash sales) by the sightly net receivables. $600,0 00 = 7.7 multiplication ( $71,600+$83,000) 2 (d)Inventory turnover: mete out cost of goods sold by the average inventory $415,000 = 5.18 times ( $70,000+$90,000 ) 2 (e)Profit valuation account: Dividing net income by net sales $35,400 = 5.

9 % $600,000 (f)Asset turnover: Dividing net sales by average assets $600,000 = 1.00 times ( $557,600+$635,000 ) ! 2 (g)Return on asset: separate net income by average assets $35,400 = 5.9% ( $557,600+$635,000 ) 2 (h)Return on frequent stockholders equity: Dividing net income by average common stockholders equity. $35,400 = 9.7% ( $350,000+$373,000 ) 2 (i)Earnings per share: Dividing net income by the derive of weighted average common shares outstanding during the year....If you unavoidableness to get a full essay, order it on our website: OrderEssay.net

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