Mulder Corporation's comparative balance sheets are presented below.MULDER CORPORATIONBalance SheetsDecember 31CashAccounts receivableInventoryLandBuildingsAccumulated depreciation - buildingsTotalAccounts payableCommon stock ($5 par)Retained earningsTotal2015$ 10,30016,20011,00032,00074,000(15,000)$128.500$ 17,37070,00041,130$128.5002014$ 3,90024,4008,00028,00074,000(12,000)$126.300$ 31,10070,00025,200$126.300Mulder's 2015 income statement included net sales of $100,000, cost of goods soldof $60,000, and net income of $20,000.(d) Inventory turnover and days in inventory.(e) Profit margin.(f) Asset turnover.(g) Return on assets.(h) Return on common stockholders' equity.(i) Earnings per share.(j) Payout ratio.(k) Debt to assets ratio.ii) Comment on the liquidity position of the companyInstructionsi) Compute the following ratios for 2015.(a) Current ratio.(b) Acid-test ratio.(c) Accounts receivable turnover and average collection period.

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Mulder Corporation's comparative balance sheets are presented below. MULDER CORPORATION Balance Sheets December 31 Cash Accounts receivable Inventory Land Buildings Accumulated depreciation - buildings Total 2015 $ 10,300 16,200 11,000 32,000 74,000 (15,000) $128.500 2014 $ 3,900 24,400 8,000 28,000 74,000 (12,000) $126.300

Mulder Corporation's comparative balance sheets are presented below. MULDER CORPORATION Balance Sheets December 31 Cash Accounts receivable Inventory Land Buildings Accumulated depreciation - buildings Total 2015 $ 10,300 16,200 11,000 32,000 74,000 (15,000) $128.500 2014 $ 3,900 24,400 8,000 28,000 74,000 (12,000) $126.300

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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