Tilden Industries Reported Net Sales Revenue of $1,700,000 and Paid

question 172

Essay

Tilden Industries reported net sales revenue of $1,700,000 and paid no dividends during the current year.The following information is also available at the end of the current and prior years:
$\begin{array}{lrr}&\text { Current Year } & \text { Prior Year }\\\text { Total Current Assets } & \$ 1,000,000 & \$ 900,000 \\\text { Property, Plant, and Equipment, Net } & 1,700,000 & 1,400,000 \\\text { Total Current Liabilities } & 450,000 & 390,000 \\\text { Total Long-Tem Liabilities } & 600,000 & 500,000 \\\text { Common Stock, \$5 Par } & 1,000,000 & 1,000,000 \\\text { Paid-In Capital in Excess of Par } & 200,000 & 200,000 \\\text { Retained Earnings } & 450,000 & 210,000\end{array}$
There was no preferred stock outstanding during the current year.
Required:
Part a.Calculate the return on equity for the current year.
Part b.Calculate the debt-to-assets ratio for the current year.
Part c.Calculate the fixed asset turnover ratio for the current year.
Part d.Calculate the current ratio for the current year.
Round all ratios to two decimal points.

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Definitions:

Economic

Pertaining to the production, distribution, and consumption of goods and services, and the management of wealth.

Environmental

Pertaining to the natural world and the impact of human activity on its condition.

Family Roots

This refers to the origins and background of a family, including its history, culture, and lineage.

Location

The physical place where a business is situated, which can significantly impact its success due to factors like customer access and operational costs.