Financial Ratios
Given Below Are Comparative Balance Sheets and an Income

question 77

Essay

Financial ratios
Given below are comparative balance sheets and an income statement for the Excellent Corporation:
All sales were made on account. Cash dividends declared during the year totaled $58,550. Compute the following:
$\begin{array}{ll} \text { (a) Average accounts receivable turnover } & \text {\underline{\quad\quad}times } \\ \text { (b) Average inventory turnover } & \text { \underline{\quad\quad}times } \\ \text { (c)Earnings per share capital } & \text { \$\underline{\quad\quad} } \\ \text { (d) book value per share capital at year-end} & \text { \$\underline{\quad\quad} } \\ \text { (e) Current ratio at year-end } & \text {\underline{\quad\quad} to 1 } \\ \text { (f) Quick ratio at beginning of year } & \text { \underline{\quad\quad} to 1 } \\ \text { (g) Debtratio at year-end } & \text {\underline{\quad\quad}\% } \\ \text {(h) Operating expense ratio } & \text {\underline{\quad\quad}\% } \\ \text {(i) Retuin on assets } & \text {\underline{\quad\quad}\% } \\ \text {(i) Return on ordinary shareholdres' equity } & \text { \underline{\quad\quad}\% } \\\end{array}$

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Definitions:

Bitcoin

A digital currency that operates independently of a central bank or a single administrator, allowing users to send it directly to one another on the bitcoin network, which is peer-to-peer.

Traditional Currency

Money that is issued by governments as legal tender, typically in the form of coins and paper bills, used as a medium of exchange for goods and services.

Volatile

Pertains to substances that easily vaporize at normal temperatures or data storage that lose its content when power is switched off, in computing contexts.

B2B

Business-to-Business, transactions or commercial activities conducted between companies, as opposed to between companies and consumers (B2C).