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3) Use the following information from the current year financial statements of a company to calculate the ratios below: (a) Current ratio (b) Accounts receiv (c) Days' sales uncollected able turnover. (Assume the prior years accounts receivable balance was $100,000.) Inventory turnover. (Assume the prior year's inventory was $50,200.) (e) Times interest earned ratio (0) Return on common stockholders' equity. (Assume the prior years common stock balance was $480,000 and the retained earnings balance was $128,000) (g) Earnings per share (assuming the corporation has a simple capital structure, with only common stock outstanding) (h) Price earnings ratio. (Assume the company's stock is selling for $26 per share.) 0) Divided yield ratio. (Assume that the company paid $1.25 per share in cash dividends.) $1,075,000 575,000 $500,000 305,000 $195,000 20,400 $174,600 74,000 $100,600 les (all on credit) Cost of goods sold Operating Operating income Interest expense expenses ncome taxes Net income Balance sheet data: ash Accounts receivable nventory Prepaid Expenses Total current assets Total plant assets Total assets $38,400 120,000 56,700 24,000 $239,100 708,900 $948,000 $91,200 nts payable nterest payable otal liabilities ommon stock, $10 par etained earnings 204,000 $300,000 480,000 168,000 Total liabilities and equity

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