Reynolds Corporation’s

Reynolds Corporation’s comparative balance sheets are presented below.Reynolds CORPORATIONBalance SheetsDecember 3120182017Cash$ 10,000$ 9,000Accounts receivable35,00030,000Inventory25,50020,000Land15,00015,000Building90,00090,000Accumulated depreciation(27,000)(25,000)    Total$148,500$139,000Accounts payable$ 50,000$ 45,000Common stock65,00060,000Retained earnings33,50034,000    Total$148,500$139,000Reynolds’ 2018 income statement included net credit sales of $200,000, cost of goods sold of $120,000, and net income of $30,000.Instructions: Compute the following ratios for 2018. (a) Current ratio. (b) Acid-test ratio. (c) Receivables turnover. (d) Profit margin. (e)Return on assets. (Round ratios to 2 decimal places and percentages to 1 decimal place.)

We help you get better grades, improve your productivity and get more fun out of college!!

How it works – it’s easy


Place your Order

Submit your requirements through our small easy order form. Be sure to include and attach any relevant materials.

Make a payment

The total price of your order is based on number of pages, academic level and deadline.


Writing process

We assign the assignment to the most qualified tutor. When the tutor completes the assignment, it is transferred to one of our professional editors to make sure that the assignment meets all of your requirements.

Once complete, we’ll send your assignment via the email provided on the order form.



Achieve academic success with the best online tutors.