The following data is given:
| |
December 31 |
| |
2015 |
2014 |
|
Cash
|
$66,000
|
$50,000 |
|
Accounts receivable (net)
|
90,000
|
60,000 |
|
Inventories
|
90,000
|
110,000 |
|
Plant assets (net)
|
383,000
|
325,000 |
|
Accounts payable
|
55,000
|
40,000 |
|
Salaries and wages payable
|
10,000
|
5,000 |
|
Bonds payable
|
70,000
|
70,000 |
|
8% Preferred stock, $40 par
|
100,000
|
100,000 |
|
Common stock, $10 par
|
120,000
|
90,000 |
|
Paid-in capital in excess of par
|
80,000
|
65,000 |
|
Retained earnings
|
194,000
|
175,000 |
|
Net credit sales
|
900,000
|
|
|
Cost of goods sold
|
700,000
|
|
|
Net income
|
81,000
|
|
Compute the following ratios:
(a) Add-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