4 P13-9A. Ratios Compared with Industry Averages Adams Plastics, Inc., manufactures various plastic and synthetic products. Financial statement data for the firm follow: Inl 2019 (Thousands of Dollars, except Earnings per Share Sales revenue............ Cost of goods sold ............ Net income............... Dividends ............... Earnings per share........ $825,000 550,000 50,500 17,500 4.04 Chapter 13 Analysis and interpretation of Financial Stateme ADAMS PLASTICS, INC. Balance Sheets (Thousands of Dollars) Dec 31, 2019 Dec. 31, 2018 $ 2,100 66.900 148.000 217,000 215,000 13,900 $445,900 Assets Cash. Accounts receivable (net).. Inventory.. Total current assets. Plant assets (net) Other assets.. Total assets ...... Liabilities and Stockholders' Equity Notes payable-banks.... Accounts payable... Accrued liabilities ..... Total current liabilities............. 10% bonds payable Total liabilities Common stock, $10 par value (12,500,000 shares)... Retained earnings Total stockholders' equity.............. Total liabilities and stockholders' equity ........ $ 2,700 80.900 140.000 203,600 194,000 4,000 $401,600 $ 31,400 27.600 25,100 84,100 150.000 234,100 125,000 86,800 211,800 $445,900 $ 25,000 23,000 24.800 72,800 150,000 222.800 125,000 53.800 178,800 $401,600 Required a. Using the given data, calculate items I through 8 below for 2019. Compare the performance of Adams Plastics, Inc., with the following industry averages and comment on its operations Median Ratios for Manufacturers of Plastic and Synthetic Products 1. 1.2 1.9 Quick ratio ......... Current ratio ........ Accounts receivable turnover.. Inventory turnover...... Debt-to-equity ratio............. Gross profit percentage ....... Return on sales ............ Return on assets ......... 7.9 times 7.8 times 0.95 32.7 percent 3.5 percent 6.3 percent b. c. Calculate the dividends paid per share of comme If the most recent price per share of common stock The dividend yield? she dividends paid per share of common stock. What was the dividend payout ratio? et recent price per share of common stock is 551.00, what is the price-camnings ratio