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 stockholders. The market price of a share of common stock 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 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 share of common stock 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 stockholders' equity for the year would be computed by dividing _______________ by _________________.
h. The dividend yield would be computed by dividing _______________ by _________________.