Based on the data below, compute: Current Ratio (Industry Average is 2) Quick Ratio (Industry Average...

Based on the data below, compute:
Current Ratio (Industry Average is 2)
Quick Ratio (Industry Average is 1)
Inventory Turnover (Industry Average is 90 days)
Accounts Receivable Turnover (Industry Average is 60days)
Earnings Per Share (Industry Average is $2.60)
Price-Earnings Ratio (Industry Average is 4)
Be sure to comment on the meaning of your computations and compare to the industry average

Cash = $120,000
Supplies = $32,000
Accounts Receivable = $90,000
Accounts Payable = $145,000
Equipment = $565,000
Wages Payable = $70,000
Inventory = $151,000
Net Credit Sales = $579,000
Cost of Goods Sold = $279,000
Average Common Shares = 500,000
Net Income = $900,000
Market Price Per Share = $21
Mortgage Payable = $320,000
Preferred Dividends = $100,000

Expert Solution

jeff jeffy answered 1 year ago

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