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Question
Please refer to Table 4-6 for the following question.Table 4-6
Financial Data for Springfield Power Co. as of December 31, 2010:
| Inventory | $300,000 |
| Long-term debt | 500,000 |
| Interest expense | 25,000 |
| Accumulated depreciation | 450,000 |
| Cash | 280,000 |
| Net sales (all credit) | 1,800,000 |
| Common stock | 900,000 |
| Accounts receivable | 325,000 |
| Operating expense (incl. depr. exp. and taxes) | 625,000 |
| Notes payable-current | 200,000 |
| Cost of goods sold | 1,100,000 |
| Plant and equipment | 1,400,000 |
| Accounts payable | 180,000 |
| Marketable securities | 80,000 |
| Accrued wages | 45,000 |
| Retained earnings | 190,000 |
i. current ratio
ii. acid test ratio
iii. average collection period
iv. inventory turnover
v. gross profit margin
vi. operating profit margin
vii. net profit margin
viii. total asset turnover
Answer
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