2018 35.9% 1. Gross profit percentage 8.3% 2. Return on assets 6.5% Return on sales 3. Return on common stockholders' equity (no preferred stock was outstanding). Accounts receivable turnover. ... 4. 13.9% .... 8.00 5. Average collection period. Inventory turnover. 8. Operating-cash-flow-to-capital-expenditures ratio. 45.6 da 6. 3.61 7. 5.25 ..... Times-interest-earned ratio 1.33 ... 9. Comment on the changes between the two years.
2018 35.9% 1. Gross profit percentage 8.3% 2. Return on assets 6.5% Return on sales 3. Return on common stockholders' equity (no preferred stock was outstanding). Accounts receivable turnover. ... 4. 13.9% .... 8.00 5. Average collection period. Inventory turnover. 8. Operating-cash-flow-to-capital-expenditures ratio. 45.6 da 6. 3.61 7. 5.25 ..... Times-interest-earned ratio 1.33 ... 9. Comment on the changes between the two years.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please help me in part B, step by step. Thanks
Transcribed Image Text:2018
35.9%
1.
Gross profit percentage
8.3%
2.
Return on assets
6.5%
3.
Return on sales
Return on common stockholders' equity
(no preferred stock was outstanding)
Accounts receivable turnover.
13.9%
8.00
4.
5.
Average collection period.
Inventory turnover.
Times-interest-earned ratio
45.6 day
6.
3.61
7.
5.25
8.
1.33
9.
Operating-cash-flow-to-capital-expenditures ratio .
Comment on the changes between the two years.
Transcribed Image Text:% are considered very good.)
considered good for manu-
analysis.
P14-5A. Changes in Various Ratios Presented below is selected information for Turner Company:
Sales revenue.
Cost of goods sold
Interest expense.
Income tax expense
Net income...
Cash flow from operating activities.
Capital expenditures...
Accounts receivable (net), December 31
Inventory, December 31..
Stockholders' equity, December 31
Total assets, December 31.
2019
2018
$950,000
575,000
20,000
27,000
65,000
70,000
45,000
126,000
196,000
450,000
750,000
$850,000
545,000
20,000
30,000
55,000
60,000
45,000
120,000
160,000
400,000
675,000
Required
Calculate the following ratios for 2019. The 2018 results are given for comparative purposes.
а.
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