Scully Corporation’s comparative balance sheets are presented below.

Scully Corporation’s comparative balance sheets are presented below.

SCULLY CORPORATION

Balance Sheets

December 31

                                           2011                       2010

 Cash                               $ 4,300                     $ 3,700

Accounts receivable               21,200                  23,400

Inventory                                10,000                7,000

Land                                     20,000                26,000

Building                                70,000                  70,000

Accumulated depreciation       (15,000)              (10,000)

Total                                    $110,500            $120,100

Accounts payable                 $ 12,370                  $31,100

Common stock                       75,000                     69,000

Retained earnings                   23,130                    20,000

Total                                   $110,500                  120,100

Scully’s 2011 income statement included net sales of $100,000, cost of goods sold $60,000, and net income of $15,000.

Compute the following ratios for 2011:

(a)     Current ratio

(b)   Acid-test ratio

(c)    Receivables turnover

(d)   Inventory turnover

(e)   Profit margin

(f)     Asset turnover

(g)    Return on assets

(h)   Return on common stockholders’ equity

(i)      Debt to total assets ratio