Essay
Selected financial ratios.The following information pertains to Wamser Company:
InstructionsCompute the following: (It is not necessary to use averages for any balance sheet figures involved.)
(a) Current ratio(b) Inventory turnover(c) Accounts receivable turnover(d) Book value per share(e) Earnings per share(f) Debt to assets(g) Profit margin on sales(h) Return on common stock equity
Correct Answer:

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(a) ($20,000 + $125,000 + $75,000) ÷ ($7...View Answer
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