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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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