The Following Information Was Obtained from the Financial Records of the Butler

Essay

The following information was obtained from the financial records of the Butler Company:
Required:
Compute:
$\begin{array}{ll}\text { a. } & \text { Inventory turnover in days } \\\text { b. } & \text { Acid-test ratio } \\\text { c. } & \text { Current ratio } \\\text { d. } & \text { Times interest earned } \\\text { e. } & \text { Profit margin } \\\text { f. } & \text { Price/earnings ratio }\end{array}$