Price: $2.50
The comparative statements of Villa Tool Company are presented below.
VILLA TOOL COMPANY
Income Statement
For the Year Ended December 31
2009 2008
All sales were on account. The allowance for doubtful accounts was $3,200 on December 31,
2009, and $3,000 on December 31, 2008.
Instructions
Compute the following ratios for 2009.(Weighted-average-common shares in 2009 were 57,000.)
(a) Earnings per share. (f) Receivables turnover.
(b) Return on common stockholders’ equity. (g) Inventory turnover.
(c) Return on assets. (h) Times interest earned.
(d) Current. (i) Asset turnover.
(e) Acid-test. (j) Debt to total assets.
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