Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2019 2018 $211,500 8,200 219,700 $176,300 15,500 181,800 1:06 125,000 19,700 10,300 1,100 19,600 175,700 $ 44,000 102,500 17,700 9,300 1,100 16,800 147,400 $ 34,400

image text in transcribed
image text in transcribed
image text in transcribed
2019 2018 $211,500 8,200 219,700 $176,300 15,500 181,800 1:06 125,000 19,700 10,300 1,100 19,600 175,700 $ 44,000 102,500 17,700 9,300 1,100 16,800 147,400 $ 34,400 05 Revenues Net sales Other revenues Total revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (48,000 shares) Retained earnings $ 4,300 1,300 35,300 101,800 4,300 147,000 106,600 20,600 $274,200 $ 6,900 1,300 31,300 96,000 3,300 138,800 106,600 0 $245,400 $ 38,900 16,600 55,500 64,300 119,800 $ 54,400 16,800 71,200 65,300 136,500 113,700 40,700 15440 113,700 (4,800) 10 on ckholders' equity Total liabilities and stockholders' equity 154,400 $274,200 108,900 $245,400 Required Calculate the following ratios for 2018 and 2019. Since 2017 numbers are not presented, do not use averages when calculating the ratios for 2018. Instead, use the number presented on the 2018 balance sheet. a. Net margin. (Round your answers to 2 decimal places.) b. Return on investment. (Round your answers to 2 decimal places.) c. Return on equity. (Round your answers to 2 decimal places.) d. Earnings per share. (Round your answers to 2 decimal places.) e. Price-earnings ratio (market prices at the end of 2018 and 2019 were $6.03 and $4.89, respectively). (Round your intermediate calculations and final answers to 2 decimal places.) 1. Book value per share of common stock. (Round your answers to 2 decimal places.) 9. Times Interest eamed. Exclude extraordinary income in the calculation as they cannot be expected to recur and therefore, will not be available to satisfy future interest payments. (Round your answers to 2 decimal places.) h. Working capital 1. Current ratio. (Round your answers to 2 decimal places.) J. Quick (acid-test) ratio. (Round your answers to 2 decimal places.) k. Accounts receivable turnover (Round your answers to 2 decimal places.) 1. Inventory turnover. (Round your answers to 2 decimal places.) m. Debt to equity ratio. (Round your answers to 2 decimal places.) n. Debito assets ratio. (Round your answers to the nearest whole percent.) 2019 2018 Ne margin Ruum on investment Ramon equity Camins per share * X % k. Accounts receivable turnover. (Round your answers to 2 decimal places.) I. Inventory turnover. (Round your answers to 2 decimal places.) m. Debt to equity ratio. (Round your answers to 2 decimal places.) n. Debt to assets ratio. (Round your answers to the nearest whole percent.) 2019 2018 % % % % % % times times a. Net margin b. Return on investment C. Return on equity d. Earnings per share e. Price-earings ratio 4. Book value 9. Interest eamed n. Working capital 1. Current ratio Quick (acid-test) ratio k Accounts receivable turnover 1. Inventory tumover m. Debt to equity ratio n. Debt to assets ratio times times times times times times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions