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Assets 2021 2022 Difference Cash 12,500 69,900 57,400 Accounts Receivable 36,000 31,000 (5,000) Inventory 51,400 46,400 (5,000) Prepaid Expenses 2,600 3,200 600 Furniture 60,000 55,000

Assets 2021 2022 Difference
Cash 12,500 69,900 57,400
Accounts Receivable 36,000 31,000 (5,000)
Inventory 51,400 46,400 (5,000)
Prepaid Expenses 2,600 3,200 600
Furniture 60,000 55,000 (5,000)
Accumulated Depr. - Furniture (5,000) (9,000) (4,000)
Total Assets 157,500 196,500
Liabilities & Stockholder's Equity
Accounts Payable 24,000 23,000 (1,000)
Income tax payable 4,800 4,200 (600)
Notes Payable (Long term) 35,000 37,000 2,000
Common Stock $10 par value 90,000 115,000 25,000
Retained Earnings 3,700 17,300 13,600
Total Liabilities & S/E 157,500 196,500
Kenley Corporation
Income Statement
June 30, 2022
Sales 284,000
Cost of Goods Sold 206,000
Gross Profit 78,000
Operating Expenses 45,000
Operating Income 33,000
Interest expense 2,800
Income before income taxes 30,200
Income tax expense 12,300
Net Income 17,900

Paid dividends of $13,500
Market Price $14.85

Find the following ratios for 2022:

1. Current Ratio

2. Quick Ratio

3. Accounts Receivable Turnover

4. Days to Collect

5. Inventory Turnover

6. Days on hand

7. Payable Turnover

8. Days to pay

9. Debt to Equity Ratio

10. Number of times interest Earned

11. Profit Margin

12. Assets Turnover

13. Return on Assets

14. Return on Equity

15. Earnings per Share

16. Price/Earnings Ratio

17. Dividend Yield

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