Financial statements for Praeger Corporation appear below: Dividends during Year 2 totaled $45 thousand. The market price of a share of common stock on December 31, Year 2 was $30.
Required:
Compute the following for Year 2:
a. Return on total assets.
b. Working capital.
c. Current ratio.
d. Acid-test ratio.
e. Accounts receivable turnover.
f. Average collection period.
g. Inventory turnover.
h. Average sale period.
i. Times interest earned.
j. Debt-to-equity ratio.

Question

Financial statements for Praeger Corporation appear below:   Dividends during Year 2 totaled $45 thousand. The market price of a share of common stock on December 31, Year 2 was $30.
Required:
Compute the following for Year 2:
a. Return on total assets.
b. Working capital.
c. Current ratio.
d. Acid-test ratio.
e. Accounts receivable turnover.
f. Average collection period.
g. Inventory turnover.
h. Average sale period.
i. Times interest earned.
j. Debt-to-equity ratio.

Quizplus · Accepted Answer

The Answer of Financial statements for Praeger Corporation appear below:   Dividends during Year 2 totaled $45 thousand. The market price of a share of common stock on December 31, Year 2 was $30.
Required:
Compute the following for Year 2:
a. Return on total assets.
b. Working capital.
c. Current ratio.
d. Acid-test ratio.
e. Accounts receivable turnover.
f. Average collection period.
g. Inventory turnover.
h. Average sale period.
i. Times interest earned.
j. Debt-to-equity ratio.

Financial Statements for Praeger Corporation Appear Below: Dividends