Question
A company reports the following: Net income $602,000 Preferred dividends $34,000 Shares of common stock outstanding 80,000 Market price per share of common stock $58.22
A company reports the following:
Net income | $602,000 |
Preferred dividends | $34,000 |
Shares of common stock outstanding | 80,000 |
Market price per share of common stock | $58.22 |
a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required. $fill in the blank 1
b. Determine the company's price-earnings ratio. Round to one decimal place. fill in the blank 2
bThe following items are reported on a company's balance sheet:
Cash | $300,000 |
Marketable securities | 234,400 |
Accounts receivable (net) | 227,400 |
Inventory | 175,800 |
Accounts payable | 586,000 |
Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.
a. Current ratio | fill in the blank 1 |
b. Quick ratio | fill in the blank 2 |
The following information was taken from Acme Company's balance sheet:
Fixed assets (net) | $692,000 |
Long-term liabilities | 346,000 |
Total liabilities | 242,200 |
Total stockholders' equity | 1,211,000 |
Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place.
a. Ratio of fixed assets to long-term liabilities | fill in the blank 1 |
b. Ratio of liabilities to stockholders' equity | fill in the blank 2 |
A company reports the following:
Cost of goods sold | $246,375 |
Average inventory | 54,750 |
Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.
a. Inventory turnover | fill in the blank 1 |
b. Number of days' sales in inventory | fill in the blank 2 |
Income statement information for Einsworth Corporation follows:
Sales | $521,000 | |
Cost of goods sold | 145,880 | |
Gross profit | 375,120 |
Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number.
Amount | Percentage | |
Sales | $521,000 | fill in the blank 1% |
Cost of goods sold | 145,880 | fill in the blank 2 |
Gross profit | $375,120 | fill in the blank 3% |
A company reports the following income statement and balance sheet information for the current year:
Net income | $619,160 |
Interest expense | 109,260 |
Average total assets | 6,020,000 |
Determine the return on total assets. If required, round the answer to one decimal place. fill in the blank 1 %
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