Given the Following Information from the Current Financial Statements of Caresful

Essay

Given the following information from the current financial statements of Caresful Corp,calculate the ratios listed below the financial statements.
(A)Current ratio.(B)Accounts receivable turnover.Assume the beginning of year accounts receivable balance was $59,500.(C)Days' sales uncollected.(D)Merchandise turnover.Assume the beginning of year merchandise inventory was $50,200.(E)Times interest earned.(F)Return on common shareholders' equity.Assume the beginning of year common shares balance was $180,000 and retained earnings was $128,000.(G)Earnings per share (assume Caresful Corp's average common shares outstanding is 50,000).(H)Price-earnings ratio.Assume the company's shares are selling for $26 per share.