Stewart Corporation's comparative balance sheets are presented below.
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STEWART CORPORATION |
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Balance Sheets |
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December 31 |
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2012 |
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2011 |
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Cash |
$ 3,901 |
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$ 4,050 |
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Accounts receivable |
21,604 |
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23,636 |
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Inventory |
10,395 |
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7,465 |
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Land |
19,756 |
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25,678 |
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Building |
69,550 |
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69,550 |
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Accumulated depreciation |
(14,917 |
) |
(10,388 |
) |
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Total |
$110,289 |
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$119,991 |
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Accounts payable |
$ 11,877 |
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$ 31,268 |
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Common stock |
75,280 |
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68,320 |
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Retained earnings |
23,132 |
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20,403 |
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Total |
$110,289 |
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$119,991 |
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Stewart's 2012 income statement included net sales of $114,610, cost of goods sold of $59,225, and net income of $15,278.
Instructions
Compute the following ratios for 2012. (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. (Round answers to 1 decimal place, e.g. 10.5.)
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