Problem 16-21 (Algo) Incomplete Statements; Ratios Analysis [LO16-2, LO16-3, LO16-4, LO16-5, LO16-6] Pepper Company provided the incomplete financial statements shown below as well as the following additional information: a. All sales during the year were on account. b. There was no change in the number of shares of common stock outstanding during the year. c. The interest expense on the income statement relates to the bonds payable; the amount of bonds outstanding did not change during the year. d. Selected balances at the beginning of the current year were: Accounts receivable Inventory Total assets $ 230,000 $ 340,000 $ 2,240,000 e. Selected financial ratios computed from the statements below for the current year are: Earnings per share Debt-to-equity ratio Accounts receivable turnover Cur: ent ratio Return on total assets Times interest earned ratio Acid-test ratio Inventory turnover $ 4.68 0.790 16.0 2.10 14% 7.75 1.20 9.0 Required: Compute the missing amounts on the company's financial statements. (Hint: What's the difference between the acid-test ratio and the current ratio?) (Do not round intermediate calculations.)

Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years:   Current Year   Previous Year Current assets:             Cash $308,600     $240,000     Marketable securities 357,300     270,000     Accounts and notes receivable (net) 146,100     90,000     Inventories 689,000     427,000     Prepaid expenses 355,000     273,000       Total current assets $1,856,000     $1,300,000   Current liabilities:             Accounts and notes payable           (short-term) $336,400     $350,000     Accrued liabilities 243,600     150,000       Total current liabilities $580,000     $500,000     a.  Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.       Current Year     Previous Year 1.  Working capital $fill in the blank 1 $fill in the blank 2 2.  Current ratio fill in the blank 3 fill in the blank 4 3.…

EX.17-179.ALGO The following information was from Slater Company's balance sheet: Fixed assets (net) Long-term liabilities Total liabilities Total stockholders' equity $2,049,082 504,700 686,080 2,144,000 Round your answers to two decimal places. a. Determine the company's ratio of fixed assets to long-term liabilities. b. Determine the company's ratio of liabilities to stockholders' equity.

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