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The following data is given: December 31,...

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Accounting

The following data is given:

December 31,
2021 2020
Cash $54,500 $50,500
Accounts receivable (net) 97,500 58,500
Inventories 91,500 117,000
Plant assets (net) 381,500 321,000
Accounts payable 55,000 42,000
Salaries and wages payable 11,500 5,500
Bonds payable 69,500 70,000
8% Preferred stock, $40 par 100,000 100,000
Common stock, $10 par 120,000 90,000
Paid-in capital in excess of par 80,000 70,000
Retained earnings 189,000 169,500
Net credit sales 965,000
Cost of goods sold 720,000
Net income 82,000

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Compute the following ratios: (Round answers to 2 decimal places e.g. 15.25.) (a) Acid-test ratio at 12/31/21 :1 1 (b) Accounts receivable turnover in 2021 times (c) Inventory turnover in 2021 times (d) Profit margin on sales in 2021 % (e) Return on common stockholders' equity in 2021 % (f) Book value per share of common stock at 12/31/21 $

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