Computation of Selected Ratios

question 46

Essay

Computation of selected ratios.The following data is given:
InstructionsCompute the following ratios:
(a) Acid-test ratio at 12/31/15(b) Accounts receivable turnover in 2015(c) Inventory turnover in 2015(d) Profit margin on sales in 2015(e) Return on common stock equity in 2015(f) Book value per share of common stock at 12/31/15

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Definitions:

Job Depth

The degree of control, autonomy, and discretion that an employee has over their tasks and decision-making in their job.

Planning Responsibilities

Tasks and duties associated with the process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.

Managerial Delegation

The process by which managers assign tasks and authority to subordinates.

Job Scope

Refers to the range of responsibilities and tasks that a job entails, including the limits of the job holder’s authority.