Given below are the comparative balance sheets and an income statement for the excellent corporation.compute the following:1: Average accounts receivable turnover2: Average inventory turnover3: earnings per share of capital stock Excellent CorporationIncome Statement for the yearended 2018Dec. 31Jan. 1Cash$ 34,000Accounts receivable 94,000$ 34,000$524,000SalesInventoryEquipment (net)(328,000)$ 196,00078,000Cost of goods sold68,000Gross profit on salesOperating expensesOperating income74,000(118,700)$77,300114,000132,000Total Assets$310,000.00 $318,000.00Accounts payable(28,750)Interest expense54,00060,000and income taxesDividends payable 20,000$48,55012,000Net incomeLong-term notepayable32,00032,000Capital stock, $10par (14,000 shs)Retained earnings140,000140,00064,00074,000Total Liabilities+$310,000$318,000Equity(Show calculations below or on back

1 Average accounts receivable turnover Net Credit sales/Average accounts receivable 2 Average…

Given below are the comparative balance sheets and an income statement for the excellent corporation. compute the following: 1: Average accounts receivable turnover 2: Average inventory turnover 3: earnings per share of capital stock

Given below are the comparative balance sheets and an income statement for the excellent corporation. compute the following: 1: Average accounts receivable turnover 2: Average inventory turnover 3: earnings per share of capital stock

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume the following relationships for the Brown Corporation: Sales / Assets 1.5Return on assets (ROA) 3%Return on equity (ROE) 5% Calculate the firm’s profit margin and debt-to-assets ratio, assuming the company uses debt and common equity.
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Do npt give image format
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Liquidity Ratio Current Ratio Quick Ratio Leverage Ratio Debt to Total Assets Ratio Debt Equity Ratio Long-Term Debt to Equity Times Interest Earned Ratio Activity Ratios Inventory Turnover Fixed Assets Turnover Total Assets Turnover Accounts Receivable Turnover Average Collection Period Profitability Ratios Gross Profit Margin Operating Profit Margin Net Profit Margin Return on Total Assets (ROA) Return on Stockholder's Equity (ROE) Earnings Per Share (EPS) Price Earnings Ratio Please provide the numbers for the ratios.
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