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1,014,000 776,400 Inventory 736,000 681,000 Other current assets 381,350 247,000 Total current assets 2,490,350 2,121,850 Property, plant, & equipment, net 8,737,045 8,439,895 Total assets $11,227,395

1,014,000 776,400

Inventory

736,000 681,000

Other current assets

381,350 247,000

Total current assets

2,490,350 2,121,850

Property, plant, & equipment, net

8,737,045 8,439,895

Total assets

$11,227,395 $10,561,745
Liabilities and Stockholders Equity

Current liabilities

$3,167,000 $2,846,000

Long-term debt

3,702,600 3,892,600

Total liabilities

6,869,600 6,738,600

Preferred stock, $5 par value

58,950 58,950

Common stock, $0.25 par value

104,650 103,850

Retained earnings

4,194,195 3,660,345

Total stockholders equity

4,357,795 3,823,145

Total liabilities and stockholders equity

$11,227,395 $10,561,745

Ivanhoe Medical Comparative Income Statement and Statement of Retained Earnings For the Year

2020

2019

Sales revenue (all on account)

$10,177,200 $9,613,950

Cost of goods sold

5,612,550 5,298,800

Gross profit

4,564,650 4,315,150

Operating expenses

2,840,250 2,634,150

Net operating income

1,724,400 1,681,000

Interest expense

300,400 308,650

Net income before taxes

1,424,000 1,372,350

Income taxes (30%)

427,200 411,705

Net income

$996,800 $960,645

Dividends paid

Preferred dividends

29,500 29,500

Common dividends

433,450 413,100

Total dividends paid

462,950 442,600

Net income retained

533,850 518,045

Retained earnings, beginning of year

3,660,345 3,142,300

Retained earnings, end of year

$4,194,195 $3,660,345

Calculate the earnings per share (average of 410,000 shares outstanding for the year) for 2020. (Round answer to 2 decimal places, e.g. 2.55.)

Earning per share $enter the earning per share in dollars rounded to 2 decimal places per share

Calculate the price/earnings ratio (market price of $48 at year-end) for 2020. (Round answer to 1 decimal place, e.g. 2.5.)

Price/earnings ratio enter the price to earnings ratio rounded to 1 decimal place

Calculate the dividend payout ratio (dividends of $1.25 per common share for the year) for 2020. (Round answer to 1 decimal place, e.g. 2.5.)

Dividend payout ratio enter the dividend payout ratio in percentages rounded to 1 decimal place %

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