Scully Corporation s comparative balance sheets are presented below.
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| Balance Sheets | ||
| December 31 | ||
| 2011 | 2010 | |
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| 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) |
| Total | $110,500.00 | $120,100.00 |
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| Accounts payable | $ 12,370 | $31,100 |
| Common stock | 75,000 | 69,000 |
| Retained earnings | 23,130 | 20,000 |
| Total | $110,500.00 | $120,100.00 |
Scully s 2011 income statement included net sales of $100,000, cost of goods sold $60,000, and net income of $15,000.
Compute the following ratios for 2011:
(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
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