Corporation Stores, Inc.
Income Statement Data for Year
Net sales $61,251 $374,312
Cost of goods sold 41,835 286,358
Selling and administrative expenses 16,294 70,923
Interest expense 423 1,822
Other income (expense) 1,839 4,275
Income tax expense 1,833
6,929
Net income $ 2,705
$ 12,555
Balance Sheet Data (End of Year)
Current assets $18,974 $47,321
Noncurrent assets 25,745
116,030
Total assets $44,719
$163,351
Current liabilities $ 11,600 $ 58,383
Long-term debt 17,319 40,436
Total stockholders' equity 15,800
64,532
Total liabilities and stockholders' equity $44,719
$163,351
Beginning-of-Year Balances
Total assets $37,218 $151,454
Total stockholders' equity 15,621 61,571
Current liabilities 10,940 52,286
Total liabilities 21,597 89,883
Other Data
Average net receivables $7,009 $ 3,347
Average inventory 6,359 34,494
Net cash provided by operating activities 4,267 20,208
For each company, compute the following ratios. (Round intermediate calculations to 0 decimal places, e.g. 1,250. Round the final answers to 2 decimal places, e.g. 12.50 and use the rounded amount for future calculations.)
Tom Walter
(1) Current 1.64 :1 .81 :1
(2) Receivables turnover 8.74 times times
(3) Average collection period days days
(4) Inventory turnover 6.57 times times
(5) Days in inventory days days
(6) Profit margin % %
(7) Asset turnover times times
(8) Return on assets % %
(9) Return on common stockholders' equity % %
(10) Debt to total assets % %
(11) Times interest earned
