Condensed Financial Statements of Miller Company at the Beginning and at the End

Essay

Condensed financial statements of Miller Company at the beginning and at the end of the current year are given below:


The company paid total dividends of $15,000 during the year,of which $5,000 were to preferred shareholders.The market price of a common share at the end of the year was $30.
Required:
On the basis of the information given above,fill in the blanks with the appropriate figures.
Example: The current ratio at the end of the current year would be computed by dividing $270,000 by $100,000.
a)The acid-test (quick)ratio at the end of the current year would be computed by dividing _______________ by ________________.
b)The inventory turnover for the year would be computed by dividing _______________ by ________________.
c)The debt-to-equity ratio at the end of the current year would be computed by dividing _______________ by ________________.
d)The earnings per common share would be computed by dividing _______________ by ________________.
e)The accounts receivable turnover for the year would be computed by dividing _______________ by ________________.
f)The times interest earned for the year would be computed by dividing _______________ by ________________.
g)The return on common shareholders' equity for the year would be computed by dividing _______________ by ________________.
h)The dividend yield would be computed by dividing _______________ by ________________.