Current Current Assets Llablitles Calculated Value !! 1. Working capital: Ratio Numerator Denominator Calculated Value 2....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Current Current Assets Llablitles Calculated Value !! 1. Working capital: Ratio Numerator Denominator Calculated Value 2. Current ratio 3. Quick ratio 4. Accounts receivable tumover 5. Number of days sales in recelvables 6. Inventory tumover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest eaned 11. Asset tumover 12. Return on total assets 13. Retum on stockholders O Pr 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest eamed 11. Asset turnover 12. Retum on total assets 13. Retum on stockholders' equity 14. Return on common stockholders' equity 15. Eamings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield ber of days eceivables, 183 PR 17-4A Measures of liquldity, solvency, and profitaliity N73 The comparative financial statetents of Mardull bn are s folows The wmarket pri Manshall common stock was S2 60 on Deoemher 31. 20V2 OBL A.S Marshall inc. Comparative Retained Earning Statemt For the Years Ended December 1, 202nd 30 Excel Retained eamings, January 1 Net income Total Dividends On preferred stock On common stock Total dividends Retained earnings. December 31 2012 SANE $3.704.000 6o.000 $4.34000 550.000 S3814.000 $ 10.000 F0.000 100000 S 110.000 $4,194000 100,000 S 110.000 $3.704000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 Sales 2012 20Y1 Cost of goods sold Gross profit Selling expenses Administrative expenses. Total operating expenses Income from operations Other revenue $10.R50.000 $10,000,000 6.000.000 5,450,000 $4.850.000 $4.550,000 $2,000,000 1,500.000 5 3.500,000 $1.050.000 $2170,000 1,627,500 53,797.500 $1,052.500 99.500 $1,152.000 20.000 $ 1,070.000 Other expense (interest) Income before income tax Income tax expense 132,000 S 1,020,000 420,000 600,000 120.000 $950,000 400,000 5 550,000 Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets: Cash Marketable securities. Accounts receivable (net) $1,050,000 $ 950,000 420,000 301,000 585,000 420,000 108.000 $2.464,000 S00,000 380,000 Inventories. Prepaid expenses Total current assets.. Long-term investments. Property, plant, and equipment (net) Total assets.... 20,000 $2.270,000 B00,000 5,184.000 $8,254.000 BO0.000 5,760,000 $9,024,000 Liabilities 5 880.000 S 800,000 Current liabilities.. Long-term liabilities: Mortgage note payable, 6% Bonds payable, 4%. Total long-term liabilities. Total liabilities $ 200,000 3,000,000 $3.200.000 $4.080,000 3,000,000 $3,000,000 $1.800,000 Stockholders' Equity $ 250,000 500.000 $ 250,000 500,000 Preferred 4% stock, $5 par Common stock, 55 par.. Retained earnings.. Total stockholders'equity. Total liabilities and stockholders' equity. 4,194,000 3.704.000 $4.944,000 $9.024,000 54,454,000 S8,254.000 Determine the following measures for 20Y2, rounding to one decimal place, including pe Instructions centages, except for per-share amounts: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield Current Current Assets Llablitles Calculated Value !! 1. Working capital: Ratio Numerator Denominator Calculated Value 2. Current ratio 3. Quick ratio 4. Accounts receivable tumover 5. Number of days sales in recelvables 6. Inventory tumover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest eaned 11. Asset tumover 12. Return on total assets 13. Retum on stockholders O Pr 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest eamed 11. Asset turnover 12. Retum on total assets 13. Retum on stockholders' equity 14. Return on common stockholders' equity 15. Eamings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield ber of days eceivables, 183 PR 17-4A Measures of liquldity, solvency, and profitaliity N73 The comparative financial statetents of Mardull bn are s folows The wmarket pri Manshall common stock was S2 60 on Deoemher 31. 20V2 OBL A.S Marshall inc. Comparative Retained Earning Statemt For the Years Ended December 1, 202nd 30 Excel Retained eamings, January 1 Net income Total Dividends On preferred stock On common stock Total dividends Retained earnings. December 31 2012 SANE $3.704.000 6o.000 $4.34000 550.000 S3814.000 $ 10.000 F0.000 100000 S 110.000 $4,194000 100,000 S 110.000 $3.704000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 Sales 2012 20Y1 Cost of goods sold Gross profit Selling expenses Administrative expenses. Total operating expenses Income from operations Other revenue $10.R50.000 $10,000,000 6.000.000 5,450,000 $4.850.000 $4.550,000 $2,000,000 1,500.000 5 3.500,000 $1.050.000 $2170,000 1,627,500 53,797.500 $1,052.500 99.500 $1,152.000 20.000 $ 1,070.000 Other expense (interest) Income before income tax Income tax expense 132,000 S 1,020,000 420,000 600,000 120.000 $950,000 400,000 5 550,000 Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets: Cash Marketable securities. Accounts receivable (net) $1,050,000 $ 950,000 420,000 301,000 585,000 420,000 108.000 $2.464,000 S00,000 380,000 Inventories. Prepaid expenses Total current assets.. Long-term investments. Property, plant, and equipment (net) Total assets.... 20,000 $2.270,000 B00,000 5,184.000 $8,254.000 BO0.000 5,760,000 $9,024,000 Liabilities 5 880.000 S 800,000 Current liabilities.. Long-term liabilities: Mortgage note payable, 6% Bonds payable, 4%. Total long-term liabilities. Total liabilities $ 200,000 3,000,000 $3.200.000 $4.080,000 3,000,000 $3,000,000 $1.800,000 Stockholders' Equity $ 250,000 500.000 $ 250,000 500,000 Preferred 4% stock, $5 par Common stock, 55 par.. Retained earnings.. Total stockholders'equity. Total liabilities and stockholders' equity. 4,194,000 3.704.000 $4.944,000 $9.024,000 54,454,000 S8,254.000 Determine the following measures for 20Y2, rounding to one decimal place, including pe Instructions centages, except for per-share amounts: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield
Expert Answer:
Answer rating: 100% (QA)
Solution 1 Working Capital Current Assets Current Liabilities Current Assets 2464000 Current Liabilities 880000 Working Capital 2464000 880000 1584000 2 Current Ratio Current Assets Current Liabilitie... View the full answer
Posted Date:
Students also viewed these accounting questions
-
The number of days sales in inventory relates the amount of the ending inventory to the average daily cost of goods sold. Explain why this computation may be misleading under the following...
-
What is the significance of the number of days sales uncollected?
-
A few months after joining university, YOU got a casual job as a finance trainee in a financial firm via Work Integrated Learning which is part of your bachelors degree at Deakin University. You...
-
On December 1, 2018, BEEN RICHARDS Company entered into two independent forward contracts to sell US$1,200 in 90 days or on March 1, 2019. The exchange rates available on various dates are as...
-
Airline passengers today stand in numerous lines, are crowded into small seats on mostly full airplanes, and often spend time on taxiways because of air-traffic problems or lack of open gates. But...
-
List three portability ratios, ands discuss how these ratios are used to assess a companys performance.
-
Prepare a bank reconciliation from the following information: a. Balance per bank statement as of May 31, $16,655.44 b. Balance per books as of May 31, $12,091.94 c. Deposits in transit, $2,234.81 d....
-
Had the dealer engaged in deceptive advertising? Why or why not? Leota Sage saw a local motorcycle dealers newspaper advertisement for a MetroRider EZ electric scooter for $1,699. When she went to...
-
Find the volume of the solid obtained by revolving the region enclosed by the curves y = 7x, x = 5 and y = 0 about the line x = 5. Use "pi" for n. Volume =
-
Steam enters a turbine at 9 MPa, 600C, and 60 m/s and leaves at 20 kPa and 90 m/s with a moisture content of 5 percent. The turbine is not adequately insulated, and it estimated that heat is lost...
-
Towns A and B in the figure below are 80.0 km apart. A couple arranges to drive from town A and meet a couple driving from town B at the lake, L. The two couples leave simultaneously and drive for...
-
a. Indicate which categories of the generally accepted auditing standards apply to each phase of the audit. b. Identify other environmental factors that have an impact on the phases of an audit.
-
Describe six major differences between the type of audit conducted in 1915 and the type conducted today.
-
What is the difference between a foreseen party relationship and a foreseeable party relationship?
-
a. Who owns and maintains custody of the working papers? b. Is it ever appropriate for the auditor to disclose the contents of working papers to anyone other than the client?
-
How did the Barchris case change the auditors working climate?
-
One key role marketing plays in a company's strategic planning is to A. work to add customer value so other departments do not have to B. allow other departments to not be concerned with marketing C
-
To balance the chemical equation SiH3 + O2 SiO2 + HO, you could introduce coefficients a, b, c, d and write aSiH3 + bO2 cSiO + dHO then write linear equations for each element. The equation for Si...
-
Explain why and how companies prepare closing entries and understand the quality of earnings. - Closing entries transfer the effects of revenues, expenses, and dividends declared to the shareholders'...
-
How does accrual-basis net income differ from cash-basis net income?LO1
-
Understand the steps in the accounting cycle. - During the accounting period, transactions are analyzed to determine their effect on the accounting equation. - Transactions that meet the recognition...
Study smarter with the SolutionInn App