Maple Corporation's stockholders' equity at June 30, 1990, consisted of the following:

Preferred stock, 10%, $50 par value;liquidating value $55 per share;20,000 shares issued and outstanding	$1,000,000
Common stock, $10 par value; 500,000 shares authorized; 150,000 shares issued and outstanding	1,500,000
Retained earnings	500,000

The book value per share of common stock is

At December 30, 1993, Vida Co. had cash of $200,000, a current ratio of 1.5:1 and a quick ratio of .5:1.  On December 31, 1993, all cash was used to reduce accounts payable.  How did these cash payments affect the ratios?

     Current ratio          Quick ratio

Utica Company's net accounts receivable were $250,000 at December 31, 19X8, and $300,000 at December 31, 19X9.  Net cash sales for 19X9 were $100,000.  The accounts receivable turnover for 19X9 was 5.0.  What were Utica's total net sales for 19X9?

Selected information for 20X9 for the Prince Company is as follows:

Cost of goods sold	$5,400,000
Average inventory	1,800,000
Net sales	7,200,000
Average receivables	960,000
Net income	720,000

Assuming a business your consisting of 360 days, what was the average number of days in the operating cycle for 20X9?

Information from Greg Company's balance sheet is as follows:

Current assets:
Cash	$  2,400,000
Marketable trading securities	7,500,000
Accounts receivable	57,600,000
Inventories	66,300,000
Prepaid expenses	1,200,000
Total current assets	$135,000,000
Current liabilities:
Notes payable	$  1,500,000
Accounts payable	19,500,000
Accrued expenses	12,500,000
Income taxes payable	500,000
Payments due within one  year on long-term debt	3,500,000
Total current liabilities	$ 37,500,000

What is the quick(acid test)ratio?

Rey, Inc. SELECTED FINANCIAL DATA As of December 31
		20X8		20X7
Cash.		$ 170,000		$ 90,000
Accounts receivable, net		450,000		400,000
Merchandise inventory		540,000		420,000
Short-term mktable securities		80,000		40,000
Land & buildings (net)		1,000,000		1,000,000
Mortgage payable --current portion		60,000		50,000
Accounts payable & accrued liabilities		240,000		220,000
Short term notes payable		100,000		140,000

Net credit sales totaled $3,000,000 and $2,000,000 for the years ended December 31, 20X8 and 20X7, respectively.

For 20X8, Rey's accounts receivable turnover was

At December 31, 20X8, Rey's quick (acid test) ratio was

Tudor Corporation's condensed financial statements provided the following information:

	Tudor, Inc. BALANCE SHEETS
Assets			December 31,
	Current assets:		1990		1989
	Cash		$  60,000		$  50,000
	Accounts receivable(net)		220,000		200,000
	Merchandise inventory		260,000		230,000
	Land,buildings and fixtures		730,000		650,000
	Less accumulated depreciation		(330,000)		(260,000)
	Total assets		$940,000		$870,000
Equities
	Current liabilities		270,000		330,000
	Stockholders' equity		670,000		540,000
	Total liabilities and stockholders' equity		$940,000		$870,000

	INCOME STATEMENT Years ended December 31,
			1990
	Net sales		$1,200,000
	Cost of goods sold		780,000
	Gross profit		420,000
	Expenses(including income taxes)		240,000
	Net income		$  180,000

What is Tudor's rate of return on average assets for 1990?

Tod Corp. wrote off $100,000 of obsolete inventory at December 31, 1990.  The effect of this write-off was to decrease

The following data pertain to Ruhl Corp.'s operations for the year ended December 31, 20X9:

Operating income	$  700,000
Interest expense	100,000
Income before income tax	600,000
Income tax expense	180,000
Net income	$  420,000

      
                               
The times interest earned ratio is