Selected year-end financial statements of McCord Corporation follow.? (All sales

Question

Selected year-end financial statements of McCord Corporation follow.?

(All sales were on credit; selected balance sheet amounts at December 31, 2010, were inventory, $32,400; total assets, $182,400; common stock, $90,000; and retained earnings, $31,300.)


McCORD CORPORATION
Income Statement
For Year Ended December 31, 2011
Sales $ 348,600
Cost of goods sold 229,150

Gross profit 119,450
Operating expenses 52,500
Interest expense 3,100

Income before taxes 63,850
Income taxes 15,800

Net income $ 48,050

McCORD CORPORATION
Balance Sheet
December 31, 2011
Assets Liabilities and Equity
Cash $ 9,000 Accounts payable $ 16,500
Short-term investments 7,400 Accrued wages payable 2,200
Accounts receivable, net 28,200 Income taxes payable 2,300
Notes receivable (trade)* 3,500 Long-term note payable, secured
Merchandise inventory 31,150 by mortgage on plant assets 62,400
Prepaid expenses 1,650 Common stock 90,000
Plant assets, net 152,300 Retained earnings 59,800


Total assets $ 233,200 Total liabilities and equity $ 233,200


* These are short-term notes receivable arising from customer (trade) sales.


* These are short-term notes receivable arising from customer (trade) sales.


sorry for the formatting, it's a little confusing. However i need to find:
1. current ratio
2.total asset turnover
3. return on total assets
4. return on common stockholder's equity.
5.acid-test ratio
6.days sales uncollected
7.inventory turnover
8. days sales in inventory
9. debt-to-equity ratio
10. times interest earned
11. profit margin ratio

Explanation / Answer

Selected year-end financial statements of McCord Corporation follow. (Note: All sales are on credit; selected balance sheet amounts at December 31, 2004, were inventory, $32,400; total assets, $182,400; common stock, $90,000; and retained earnings, $31,300.)

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