Essay
Computation of selected ratios.The following data is given: 
InstructionsCompute the following ratios:
(a) Acid-test ratio at 12/31/15(b) Accounts receivable turnover in 2015(c) Inventory turnover in 2015(d) Profit margin on sales in 2015(e) Return on common stock equity in 2015(f) Book value per share of common stock at 12/31/15
Correct Answer:
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(a) $156,000 ÷ $65,000 = 2.4.
(b) $900,0...View Answer
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Correct Answer:
Verified
(b) $900,0...
View Answer
Unlock this answer now
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