Knox Instruments, Inc., is a manufacturer of various medical and dental instruments. Financial statement data for the firm follow. (Thousands of Dollars, 1993 ?????????????????? except
Knox Instruments, Inc., is a manufacturer of various medical and dental instruments. Financial statement data for the firm follow.
(Thousands of Dollars,
1993 ?????????????????? except per Share Amount)
Net Sales ??????????????????????... $ 200,000
Cost of Goods Sold ???????????????????? 98,000
Net Income ??????????????????????.? 10,000
Dividends ????????????????????????. 4,200
Net Cash Provided by Operating Activities ???????????. 7,800
Earnings per Share ?????????????????????. 2.71
Required
Using the given data, calculate items 1 through 9 for 1993.
Current ratio
Quick Ratio
Average collection period
Inventory turnover
Operating cash flow to current liabilities ratio
Debt-to-equity ratio
Return on assets
Return on common stockholders? equity
Return on sales.
Calculate the dividends paid per share of common stock.(Use average number of shares outstanding during the year).What was the dividend pay-out ratio?
If the 1993 year-end price per share of common stock is $25, what is (1) the price-earnings ratio? (2) the dividend yield?
Cash Accounts Receivable (Net) Inventory Plant Assets Total Assets KNOX INSTRUMENTS, INC. BALANCE SHEETS (THOUSANDS OF DOLLARS) Dec. 31, Dec. 31, 1993 1992 $ 3,000 $ 2,900 28,000 28,800 64,000 44,000 76,000 67,300 $171,000 $143,000 Assets Liabilities and Stockholder's Equity Current Liabilities 10% Bonds Payable Total Liabilities Common Stock, $10 Par Value Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholders' Equity $ 45,200 20,000 $ 65,200 $ 40,000 65,800 $ 105,800 $ 171,000 $ 39,750 14,000 $ 53,750 $ 30,000 59,250 $ 89,250 $143,000
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