question archive Mulder Corporation's comparative balance sheets are presented below
Mulder Corporation's comparative balance sheets are presented below
Subject:AccountingPrice: Bought3
Mulder Corporation's comparative balance sheets are presented below. 10 Marks MULDER CORPORATION Balance Sheets December 31 2017 M Cash $ 10,300 $ 3,900 Accounts receivable 16,200 24,400 Inventory 11.000 8,000 Land 32,000 28,000 Buildings 74,000 74,000 Accumulated depreciation - buildings (15,000) (12,000) Total m M Accounts payable 3 17,370 $ 31.100 Common stock ($5 par) 70,000 70,000 Retained earnings 41,130 25,200 Total m M Mulder's 2017' income statement included net sales of $100,000, cost of goods sold of $60,000, and net income of $20,000. Instructions Compute the following ratios for 2017. (a) Current ratio. (b) Acid-test ratio. (0) Accounts receivable turnover and average collection period. (d) Inventory turnover and days in inventory. (9) Pro?t margin. (1') Asset turnover. (9) Return on assets. (h) Return on common stockholders' equity. (i) Earnings per share. (k) Debt to assets ratio.
