Assets

Current assets

Cash

Marketable securities

Accounts receivable $($net$)$

Inventories

Prepaid items

Total current assets

Investments

Plant $($net$)$

Land

Total assets

Liabilities and Stockholders' Equity

Liabilities

Current Iiabilities

Notes payable

Accounts payable

Salaries payable

Total current liabilities

Noncurrent liabilities

Bonds payable

Other

Total noncurrent liabilities

Total liabilities

Stockholders' equity

Preferred stock, $($par value $$10,5\%$ cumulative, non$-$participating; $8,000$ shares

authorized and issued$)$

Common stock $($no par; $50,000$ shares authorized; $10,000$ shares issued$)$

Retained earnings

Total stockholders' equity

Total liabilities and stockholders' equity

BENSON COMPANY

Statements of Income and Retained Earnings For the Years Ended December $31$

Revenues

Sales $($net$)$

Other revenues

Total revenues

Expenses

Cost of goods sold

Selling, general, and administrative

Interest expense

Income tax expense

Total expenses

Net earninoe $($net inrnme$)$

Year $4$

Year $3$

Required

Calculate the following ratios for Year $4$ and Year $3.$ Since Year $2$ numbers are not presented do not use averages when calculating the

ratios for Year $3.$ Instead, use the number presented on the Year $3$ balance sheet.

Note: Round ratlo answers to $2$ decimal places unless otherwise Indlcated.

a$.$ Working capital.

b$.$ Current ratio.

c$.$ Qulck ratio.

d$.$ Recelvables turnover $($beginning recelvables at January $1,$ Year $3,$ were $$37,000).$

e$.$ Average days to collect accounts recelvable.

Note: Use $365$ days in a year. Round your Intermedate calculations to $2$ decimal places and your final answers to the nearest

whole number.

f$.$ Inventory turnover $($beginning inventory at January $1,$ Year $3,$ was $$143,000).$

g$.$ Number of days to sell inventory.

Note: Use $365$ days in a year. Round your Intermedlate calculations to $2$ decimal places and your final answers to the nearest

whole number.

h$.$ Debt$-$to$-$assets ratio.

Note: Round your answers to the nearest whole percent.

I. Debt$-$to$-$equity ratio.

J$.$ Number of times interest was earned.

k$.$ Plant assets to long$-$term debt.

I. Net margin.

m $.$ Turnover of assets $($average total assets in Year $3$ is $$504,800).$

n$.$ Return on investment $($average total assets in Year $3$ is $$504,800).$

o$.$ Return on equity $($average stockholders' equity in Year $3$ is $$251,300).$

p$.$ Earnings per share $($total shares outstanding is unchanged$).$

q$.$ Book value per share of common stock.

r$.$ Price$-$earnings ratio $($market price per share: Year $3,$$$11\mathrm{.}90$; Year $4,$$$12\mathrm{.}80).$

Note: Round your Intermedlate calculatlons and final answer to $2$ decimal places.

s$.$ Dividend yleld on common stock.

s$.$ Dividend yield on common stock.