look on TEXTBOOK SOLUTIONS FOR Introduction to Accounting An Integrated Approach

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TEXTBOOK SOLUTIONS FOR

Introduction to Accounting An Integrated Approach 6th Edition
Chapter 20, Problem 2PS

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http://www.chegg.com/homework-help/Introduction-to-Accounting-An-Integrated-Approach-6th-edition-chapter-20-problem-2PS-solution-9780078136603

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from that questions i need more solution for (c.Complete a ratio analysis for 2010 from the financial information given in Q.20.2PS The ratios that need to be answered are:

1.        Accounts Receivable turnover

2.        Inventory turnover

3.        Accounts Payable turnover

4.        Current ratio

5.        Quick ratio

6.        Debt to equity

7.        Gross margin

8.        Return on owners’ equity

9.        EPS (earnings per share)

10.      Price earnings

Explanation / Answer

Accounts receivable Trnover Net Credit sales/Avg Accounts receivable 370000/((38200+37600)/2) 9.76 Inventory turnover Ratio COGS/Avg Inventory 265200/((25300+22700)/2) 11.05 Accounts payable Turnover COGS/Avg Accounts Payable 265200/((24200+29500)/2) 9.88 Current ratio Current assets/Current Liabilities (20800+38200+25300)/24200 3.48 Quick ratio Current assets-prepaid expenses-Inventory/Current Liabilities (20800+38200)/24200 2.44 Gross margin ratio Gross Margin/Net sales *100 104800/370000*100 28.32 % Debt to Equity ratio Total Debt/Total equity (24200+142000)/96800 1.72 Return on common stockholders’ equity Net Income/Avg Total stokholder Equity 18060/((96800+87500)/2)*100 19.60 % Earnings per share Net Income/No.of common shares outstanding 18060/50000 0.3612 Price earning ratio MPS/EPS 23/.361 63.71 Answers are rounded off to two decimals

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