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Financial Statements for Praeger Corporation Appear Below: Dividends

Question 36

Essay

Financial statements for Praeger Corporation appear below: Financial statements for Praeger Corporation appear below:     Dividends during Year 2 totaled $45 thousand. The market price of a share of common stock on December 31, Year 2 was $30. Required: Compute the following for Year 2: a. Return on total assets. b. Working capital. c. Current ratio. d. Acid-test ratio. e. Accounts receivable turnover. f. Average collection period. g. Inventory turnover. h. Average sale period. i. Times interest earned. j. Debt-to-equity ratio. Financial statements for Praeger Corporation appear below:     Dividends during Year 2 totaled $45 thousand. The market price of a share of common stock on December 31, Year 2 was $30. Required: Compute the following for Year 2: a. Return on total assets. b. Working capital. c. Current ratio. d. Acid-test ratio. e. Accounts receivable turnover. f. Average collection period. g. Inventory turnover. h. Average sale period. i. Times interest earned. j. Debt-to-equity ratio. Dividends during Year 2 totaled $45 thousand. The market price of a share of common stock on December 31, Year 2 was $30.
Required:
Compute the following for Year 2:
a. Return on total assets.
b. Working capital.
c. Current ratio.
d. Acid-test ratio.
e. Accounts receivable turnover.
f. Average collection period.
g. Inventory turnover.
h. Average sale period.
i. Times interest earned.
j. Debt-to-equity ratio.

Correct Answer:

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a. Return on total assets = Adjusted net...

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