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Use this information for Kellman Company to answer the question that follow. The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Total current assets Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid in capital in excess of par-Common stock Retained earnings Year 2 $600,000 60,000 900,000 125,000 350,000 100,000 600,000 75,000 310,000 Year 1 $560,000 40,000 700,000 65,000 250,000 100,000 600,000 75,000 210,000 Using the balance sheets for Kellman Company, if net income is $250,000 and interest expense is $20,000 for Year 2, and the market price of common shares is $30, what is the price-earnings ratio on common stock for Year 2? (Round intermediate calculation to two decimal places and final answers to one decimal place.) 3. 7.5 b. 13.4 6.12.1 d. 8.5 Selected data from Carmen Company at year-end are presented below. Total assets $2,000,000 $2,200,000 Average total assets Net income $250,000 Sales $1,300,000 Average common stockholders' equity Net cash provided by operating activities $1,000,000 $275,000 10,000 $400,000 Shares of common stock outstanding Long-term investments Required: Calculate the profitability ratios that can be computed from the above information. Assume the company had no preferred stock or interest expense. Round percentage values and ratios to one decimal place and dollar value to zero decimal place. (a) Asset turnover ratio (b) Return on total assets (c) Return on common stockholders' equity (d) Earnings per share on common stock per share The following data are taken from the financial statements: Preceding Year Current assets Current Year $745,000 1,510,000 Property, plant, and equipment Current liabilities $820,000 1,400,000 160,000 400,000 250,000 1,200,000 140,000 400,000 250,000 1,200,000 (non-interest-bearing) Long-term liabilities, 12% Preferred 10% stock Common stock, $25 par Retained earnings, beginning of year Net income for year Preferred dividends declared Common dividends declared 230,000 110,000 (25,000) (70,000) 160,000 155,000 (25,000) (60,000) Determine for the current year: (a) Return on total assets (b) Return on stockholders' equity (c) Return on common stockholders' equity (d) Earnings per share on common stock (e) Price-earnings ratio on common stock () Dividend yield. The current market price per share of common stock is $25. Retained earnings, beginning of year Net income for year Preferred dividends declared Common dividends declared 230,000 110,000 (25,000) (70,000) 160,000 155,000 (25,000) (60,000) Determine for the current year: (a) Return on total assets (b) Return on stockholders' equity (c) Return on common stockholders' equity (d) Earnings per share on common stock (e) Price-earnings ratio on common stock (f) Dividend yield. The current market price per share of common stock is $25. Round your answers to one decimal place except earnings per share, which should be rounded to the nearest cent. a. Return on total assets b. Return on stockholders' equity 650 C. Return on common stockholders' equity d. Earnings per share on common stock e. Price-earnings ratio on common stock f. Dividend yield Based on the following data for the current year, what is the number of days' sales in receivables (rounded to one decimal place)? Assume 365 days a year. Sales on account during year $550,112 154,548 Cost of goods sold during year Accounts receivable, beginning of year Accounts receivable, end of year Inventory, beginning of year Inventory, end of year 42,726 47,669 90,138 113,522 a. 102.6 b. 67.6 c. 30.0 d. 75.3 A company had net income of $231,290. Depreciation expense was $21,208. During the year, accounts receivable and Inventory increased by $16,015 and $31,068, respectively. Prepaid expenses and accounts payable decreased by $2,889 and $7,357, respectively. There was also a loss on the sale of equipment of $6,472. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method? a $258,970 b. $207,419 C. $248,385 d. $194,475