See attached file.
Use the financial statements for Pocca Company to calculate the following ratios for 2006 amd 2005. The following must be done for both years.
Attached is the Balance Sheet & Statements of Income and Retained Earnings
a. Working Capital
b. Current Ratio
c. Quick Ratio
d. Accounts receivable turnover (beginning receivables January, 2005, was $47,000)
e. Average number of days to collect accounts receivable
f. Inventory turnover (beginning inventory at January 1, 2005 was $140,000)
g. Average number of days to sell inventory
h. Debt to assets ratio
i. Debt to equity ratio
j. Times interest earned
k. Plant assets to long-term debt
l. Net margin
m. Asset turnover
n. Return on investment
o. Return on equity
p. Earnings per share
q. Book value per share of common stock
r. Price-earnings ratio (market price per share: 2005, $11.75; 2006, $12.50)
r. Dividend yield on common stock.
The problem deals with estimating different ratios from selected information.