An asterisk (*) will appear to the right of an incorrect entry.
Current Assets –
Current
Liabilities
=
Calculated Value
1. Working capital
Ratio Numerator ÷ Denominator =
Calculated Value
2. Current ratio
3. Quick ratio
5. Number of days’
sales in receivables
6. Inventory turnover
7. Number of days’
sales in inventory
8. Ratio of fixed assets to
long-term liabilities
9. Ratio of liabilities to
stockholders’ equity
10. Times interest earned
11. Asset turnover
12. Return on total assets
13. Return on stockholders’
equity
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Problem 16-4B
Name:
Section:
An asterisk (*) will appear to the right of an incorrect entry.
Current Assets –
Current
Liabilities
=
Calculated Value
1. Working capital $3,690,000 $900,000 $2,790,000
Ratio Numerator ÷ Denominator =
Calculated Value
2. Current ratio 3,690,000$ 900,000$ 4.1
7. Number of days’
sales in inventory 1,070,000$ 14,658$ 73.0
8. Ratio of fixed assets to
long-term liabilities 3,740,000$ 1,700,000$ 2.2
13. Return on stockholders’
equity 900,000$ 6,777,500$ 13.3%
14. Return on common
stockholders’ equity 855,000$ 6,277,500$ 13.6%
Problem 16-4B
Name:
Solution
Section:
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Instructions
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