[bienta]

E15-11 Scully Corporation’s comparative balance sheets are presented below.

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E15-11 Scully Corporation’s comparative balance sheets are presented below.
SCULLY CORPORATION
Balance Sheets
December 31
2008 2007
Cash $ 4,300 $ 3,700
Accounts receivable 21,200 23,400
Inventory 10,000 7,000
Land 20,000 26,000
Building 70,000 70,000
Accumulated depreciation (15,000) (10,000)
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Total $110,500 $120,100

Accounts payable $ 12,370 $ 31,100
Common stock 75,000 69,000
Retained earnings 23,130 20,000
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Total $110,500 $120,100

Scully’s 2008 income statement included net sales of $100,000, cost of goods sold of $60,000, and
Net income of $15,000.
Instructions
Compute the following ratios for 2008.

(a) Current ratio.
(b) Acid-test ratio.
(c) Receivables turnover.
(d) Inventory turnover.
(e) Profit margin.
(f) Asset turnover.
(g) Return on assets.
(h) Return on common stockholders equity
(I) Debt to total assets ratio.

[rehmanvohra]

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https://www.askmehelpdesk.com/accoun...ow-467743.html.

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[morgaine300]

I'm curious how you've determined this is the same poster under another name.

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