(Solution) - Consider the following information Salinas Limited Balance Sheet At December 31 2017 Salinas L -(2025 Original AI-Free Solution)

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Consider the following information:
Salinas Limited
Balance Sheet
At December 31, 2017

Salinas Limited
Income Statement
For the Year Ended December 31, 2017
Assume that 80% of sales are on credit, that the average of all balance sheet items is equal to the year-end figure, that all preferred share dividends have been paid, and that the number of common shares outstanding is 10.
Required: Calculate the following ratios and percentages
1. Current ratio
2. Return on total assets
3. Sales to total assets
4. Acid-test ratio
5. Times interest earned
6. Earnings per common share
7. Accounts receivable collection period
8. Return on shareholders' equity
9. (Appendix) Scott formula.