January 27, 2015

Homework Help: Acc

Posted by Anonymous on Thursday, April 8, 2010 at 10:14pm.

The comparative statements of Dillon Company are presented below.

Balance Sheets
December 31
Assets 2009 2008
Current assets
Cash $ 21,000 $ 18,000
Short-term investments 18,000 15,000
Accounts receivable (net) 86,000 74,000
Inventory 90,000 70,000
Total current assets 215,000 177,000
Plant assets (net) 423,000 383,000
Total assets $638,000 $560,000
Compute numerous ratios.

Additional data:
The common stock recently sold at $19.50 per share.
The year-end balance in the allowance for doubtful accounts was $3,000 for 2009 and $2,400 for
Compute the following ratios for 2009.
(a) Current. (h) Return on common stockholders’ equity.
(b) Acid-test. (i) Earnings per share.
(c) Receivables turnover. (j) Price-earnings.
(d) Inventory turnover. (k) Payout.
(e) Profit margin. (l) Debt to total assets.
(f) Asset turnover. (m) Times interest earned.
(g) Return on assets.

Answer this Question

First Name:
School Subject:

Related Questions

accounting - P15-1 Comparative statement data for Douglas Company and Maulder ...
accounting - E15-7 Bennis Company has the following comparative balance sheet ...
Finance - Trying to figure out how to do problems like these. So confused! 1. ...
accounting - Partial balance sheets for ABC Company and additional information ...
Accounting - Partial balance sheets for ABC Company and additional information ...
accounting - (TCO 8) Partial balance sheets for ABC Company and additional ...
accounting - P13-4A The following financial information is for Inca Company. ...
Accounting - The comparative statements of Lucille Company are presented here. ...
Accounting - O' Hara Company began operations on December 1, 2011. Presented ...
Business - Using the financial statements for the Goodyear Calendar Company, ...