Current ratio inventory


Selected financial ratios. The following information pertains to Allbright, Inc. Cash $42,000 Accounts receivable 130,000 Inventory 95,000 Plant assets 340,000 Total assets $607,000 Accounts payable $78,000 Accrued taxes and expenses payable 26,000 Long-term debt 106,000 Common stock 174,000 Paid-in capital in excess of par 45,000 Retained earnings 282,000 Total equities $607,000 Net sales $850,000 Cost of goods sold $697,000 General & Admin Expenses $78,000 Net income $75,000 Required Compute the following: Current ratio Inventory turnover Receivables turnover Book value per share Earnings per share Debt to total assets Profit margin on sales Return on common stock equity.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Current ratio inventory
Reference No:- TGS0672346

Expected delivery within 24 Hours