Use the Following Information to Calculate the Ratios Requested Below

question 48

Essay

Use the following information to calculate the ratios requested below.Round answers to two decimal places.Show your work.

$$\begin{array} { l r } \text { Average total assets } & \$ 112,500 \\\text { Current assets, December 31 } & 32,000 \\\text { Current liabilities, December } 31 & 10,000 \\\text { Dividends paid } & 7,000 \\\text { Stockhol ders' equity, December 31 } & 62,500 \\\text { Net sales } & 270,000 \\\text { Total liabilities, December 31 } & 50,000 \\\text { Market price, December 31, on 2,000 shares } & \$ 70 / \text { share }\end{array}$$
$$\begin{array} { | l | l | l|l| } \hline \text { Dividends yield } &\quad\quad& \text { Debt to equity ratio } &\quad\quad \\\hline \text { Current ratio } && \text { Asset turnover } & \\\hline\end{array}$$

---

Definitions:

Dolostone

A rock composed mostly of the mineral dolomite.

Limestone

A sedimentary rock composed mainly of calcium carbonate, often formed from the shells of marine life.

Carbonate Rocks

Sedimentary rocks composed primarily of carbonate minerals, such as limestone and dolomite, often formed from the accumulation of marine organisms' shells.

Wet Environments

Areas characterized by high moisture levels, which can significantly influence local ecosystems and geology.