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Use the following information to answer the next 5 questions: Balance Sheet Smithson Iron, Incorporated (Years ending December 31) 2012 2011 Cash 22,200 24,000 Accounts receivable 33,000 40,000 Inventory 83,100 52,200 Net plant and equipment 285,000 295,000 Total assets 433.300 401,200 Notes payable 13,000 16.000 Accounts payable 57,000 49.000 Accounts payable 49,000 57,000 Accruals 6,000 5,000 Long-term debt 175,000 160,000 Common stock ($2.50 par) 25,000 27,000 Capital surplus 84,000 80,000 Retained earnings 65.200 72,300 Total Liab. & Equity 401,200 433,300 Miscellaneous Income Statement Data Sales (2011) $832.400 Sales (2012) $923,400 Net income (2011) $42,.300 Net income (2012)- $47.800 QUESTION: Compute the Current Ratio for 2011 QUESTION: Compute the Current Ratio for 2011. (Round your answer to 2 decimal places and record without a dollar sign, percent sign or any other qualif record 1.9274 as 1.93). Your Answer: Answer Question 11 (5 points) Wht is the Debt Ratio of Smithson Iron, Inc. for 2011? Record your answer as a decimal rounded to 2 decimal places: that is. record 0.2487658 as 0.25. Your Answer: Answer What were Earnings per Share (EPS) of Smithson Iron, Inc. for 2011? Record your answer as a decimal rounded to 2 decimal places, but do not include a dollar sign; that as 3.13 Your Answer Answer Question 13 (5 points) What is the Return on Assets of Smithson Iron Inc for 2011? Record your answer as a percent value rounded to 1 decimal place, but do not include a percent sign w % as 43.8 43.8145 that is, record 0.438145 Your Answer: Question 14 (5 points) What is the Return on Equity of Smithson Iron, Inc. for 2012? Record your answer as a percent value rounded to 1 decimal place, but do not include a percent sign that is, record 0.438145 43.8145% as 43.8. Your Answer: Answer Question 15 (5 points) Assume you are given the following information Current ratio 3.0 times 2.0 times Quick ratio Current liabilities $231,011 Compute Inventory Answer Question 16 (5 points) If ROA (return on assets) 13% and if ROE (return on equity) - 52%, what is the firm's debt ratio (i.e., Debt/Total assets). Assume, as always, that the balance sheet identity equation holds. Record your answer as a percent rounded to one decimal place, but do not include the percent sign in your answer. For example, record 0.3428543 34.28543% as 34.3 Your Answer: Answer Question 17 (5.points) If ROA (return on assets) -17 % and if ROE (return on equity) 44% what is the firm's equity multiplier ie. Total assets/Equity)

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