Stewart Corporation's comparative balance sheets are presented below. - 14082

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Stewart Corporation's comparative balance sheets are presented below.

 

STEWART CORPORATION

 

Balance Sheets

 

December 31

 

 

2012

 

2011

 

 

Cash

$ 3,901

 

$ 4,050

 

 

Accounts receivable

21,604

 

23,636

 

 

Inventory

10,395

 

7,465

 

 

Land

19,756

 

25,678

 

 

Building

69,550

 

69,550

 

 

Accumulated depreciation

(14,917

)

(10,388

)

 

     Total

$110,289

 

$119,991

 

 

 

 

 

 

 

 

Accounts payable

$ 11,877

 

$ 31,268

 

 

Common stock

75,280

 

68,320

 

 

Retained earnings

23,132

 

20,403

 

 

     Total

$110,289

 

$119,991

 

Stewart's 2012 income statement included net sales of $114,610, cost of goods sold of $59,225, and net income of $15,278.

Instructions

Compute the following ratios for 2012. (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. (Round answers to 1 decimal place, e.g. 10.5.)

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