From the Following Information,compute the Ratios Indicated and Place the Proper
Question 141
Question 141
Essay
From the following information,compute the ratios indicated and place the proper numbers in the spaces provided.Assume the average for the year is the same as the ending balances for the balance sheet accounts.Round percentages to one decimal place,and show your work. Westwood Corporation Balance Sheet December 31,20xx Cash Marketable securities Accounts receivable (net) Inventory Prepaid expenses Property, plant, and equipment Total assets Liabilities and Stockholders’ Equity Current liabilities Long-term liabilities Stockholders’ equity Total liabilities and stockholders’ equity Assets $15,00010,00020,00030,0008,000117,000$200,000$30,00050,000120,000$200,000 Westwood Corporation Income Statement For the Year Ended December 31,20xx Net sales Cost of goods sold Gross margin Operating expenses Selling and administrative expenses Interest expense Income taxes expense Net income $16,0008,0004,000$160,000120,000$40,00028,000$12,000 Westwood had 4,000 shares of common stock issued and outstanding.The market price of common stock at year end was $15.00 per share.Dividends paid in 20xx were $0.60 per share. Current ratio Quick ratio Receivable turnover Days’ sales uncollected Inventory turnover Profit margin Dividends yield Asset turnover Return on assets Return on equity Debt to equity ratio Interest coverage ratio Days’inventory on hand Pricelearnings (P/E) ratio
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