Use the information below to answer the questions: Balance Sheet December 31 Assets 2007 2006 . . . . . Additional information: a. C...

Q:




Use the information below to answer the questions:

Balance Sheet

December 31

Assets 2007 2006

.

.

.

.

.

Additional information:

a. Cash dividends of $20,000 were declared and paid in 2007.

b. The par value of the common stock is $.50.

c. Market value of common stock on December 31, 2007, was $12 per share.



Required:

For the year 2007:

1. Working capital is:

2. Current ratio is:

3. Acid-test or Quick ratio is:

4. Inventory turnover (#) is:

5. Accounts receivable turnover (#) is:

6. Operating cycle (in days) is:

7. Net profit margin is:

8. Gross profit margin is:

9. Earnings per share is:

10. Price-earnings ratio is:

11. Debt ratio is:

12. Times interest earned ratio is:

13. Total asset turnover is:

14. Return on assets is:

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