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