The Following Information Is Available for the Oil Creek Corporation

question 87

Essay

The following information is available for the Oil Creek Corporation.
$$\begin{array}{l}\begin{array} { l l } \hline \text { Accounts Receivable } & \$ 19,000 \\\text { Sales } & \$ 195,000 \\\text { Currentassets } & \$ 36,000 \\\text { Total assets } & \$ 147,000 \\\text { Longterm debt } & \$ 48,000 \\\text { Currentliabilities } & \$ 41,000 \\\text { Profitmargin } & 6 \% \\\mathrm {~N} &\\\mathrm {~ u }&\end{array}\\\end{array}$$ (a) What is the current ratio?
(b) What is the net working capital?
(c) What is the net income?
(d) What is the return on equity?
(e) What is the total asset turnover?
(f) What is the debt- equity ratio?
(g) What is the accounts receivable turnover?
(h) What is the earnings per share (EPS)?
(i) What is the price to earnings (P/E) ratio?

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Definitions:

Standard Time

The established amount of time required to perform a specific task or operation under normal working conditions, often used in industrial settings for performance benchmarking.

Constant Allowances

Fixed time increments added to the standard time to account for delays or non-productive aspects of a job, ensuring more accurate time estimates.

Performance Rating

An assessment or evaluation of an individual’s or group's work performance, usually based on established criteria and objectives.

Normal Time

The amount of time that a task should take under normal conditions, often used in the context of planning and scheduling.