Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

all the requirements please Additional Financial Information 1. Market price of Dangerfield, Inc.'s common stock: $48.15 at December 31,2025 , and $28.56 at December 31,2024.

all the requirements please

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Additional Financial Information 1. Market price of Dangerfield, Inc.'s common stock: $48.15 at December 31,2025 , and $28.56 at December 31,2024. 2. Common shares outstanding: 15,000 on December 31, 2025 and 14,000 on December 31, 2024 and 2023. 3. All sales are on credit. \begin{tabular}{|c|c|c|c|c|} \hline Property, Plant, and Equipment, Net & & 213,000 & 182,000 & \multirow[b]{2}{*}{$604,000} \\ \hline Total Assets & $ & 589,000$ & 557,000 & \\ \hline \multicolumn{5}{|l|}{ Liabilities } \\ \hline Total Current Liabilities & $ & 228,000$ & 241,000 & \\ \hline Long-term Liabilities & & 123,000 & 91,000 & \\ \hline Total Liabilities & & 351,000 & 332,000 & \\ \hline \multicolumn{5}{|l|}{ Stockholders' Equity } \\ \hline Preferred Stock, 4\% & & 110,000 & 110,000 & \\ \hline Common Stockholders' Equity, no par & & 128,000 & 115,000 & $92,000 \\ \hline \end{tabular} Income Statement Balance Sheet \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|l|}{ Stockholders' Equity } \\ \hline Preferred Stock, 4% & & 110,000 & 110,000 & \\ \hline Common Stockholders' Equity, no par & & 128,000 & 115,000 & $92,000 \\ \hline Total Liabilities and Stockholders' Equity & & 589,000$ & 557,000 & \\ \hline \end{tabular} * Selected 2023 amounts Requirements 1. Compute the following ratios for 2025 and 2024 : a. Current ratio b. Cash ratio c. Times-interest-earned ratio d. Inventory turnover e. Gross profit percentage f. Debt to equity ratio g. Rate of return on common stockholders' equity h. Earnings per share of common stock i. Price/earnings ratio 2. Decide (a) whether Dangerfield, Inc.'s ability to pay debts and to sell inventory improved or deteriorated during 2025 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Measuring ROI In Learning And Development Case Studies From Global Organizations

Authors: Patricia Pulliam Phillips, Jack J. Phillips

1st Edition

1562867997, 9781562867997

More Books

Students also viewed these Accounting questions