Expert Answer :Problem 9-23 Ratio analysis

Solved by verified expert :Problem 9-23 Ratio analysis
Required
Use the financial statements for Bernard
Company from Problem 9-22 to calculate the following
for 201 2 and 201 1 .
a.
Working capital
b.
Current ratio
c.
Quick ratio
d.
Accounts receivable turnover (beginning receivables at January 1 , 201 1 , were
$47,000)
e.
Average number of days to collect accounts receivable
f.
Inventory turnover (beginning inventory at January 1 , 201 1 , was $1 40,000)
g.
Average number of days to sell inventory
h.
Debt to assets ratio
i.
Debt to equity ratio
j.
Times interest earned
k.
Plant assets to long-term debt
l.
Net margin
m.
Asset turnover
n.
Return on investment
o.
Return on equity
p.
Earnings per share
q.
Book value per share of common stock
r.
Price-earnings ratio (market price per share: 201 1 , $1 1 .75; 201 2, $1 2.50)
s.
Dividend yield on common stock