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BAIRD COMPANY Balance Sheets As of December 31 2019 2018 Assets Current assets Cash $ 17,000 $ 13,000 Marketable securities 20,200 6,200 Accounts receivable (net)

BAIRD COMPANY
Balance Sheets As of December 31
2019 2018
Assets
Current assets
Cash $ 17,000 $ 13,000
Marketable securities 20,200 6,200
Accounts receivable (net) 43,000 35,000
Inventories 128,000 136,000
Prepaid items 27,000 12,000
Total current assets 235,200 202,200
Investments 32,000 25,000
Plant (net) 265,000 250,000
Land 28,000 23,000
Total assets $ 560,200 $ 500,200
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Notes payable $ 18,800 $ 12,500
Accounts payable 113,800 100,000
Salaries payable 23,000 17,000
Total current liabilities 155,600 129,500
Noncurrent liabilities
Bonds payable 120,000 120,000
Other 26,000 21,000
Total noncurrent liabilities 146,000 141,000
Total liabilities 301,600 270,500
Stockholders equity
Preferred stock, (par value $10, 4% cumulative, non-participating; 7,000 shares authorized and issued) 70,000 70,000
Common stock (no par; 50,000 shares authorized; 10,000 shares issued) 70,000 70,000
Retained earnings 118,600 89,700
Total stockholders equity 258,600 229,700
Total liabilities and stockholders equity $ 560,200 $ 500,200
BAIRD COMPANY
Statements of Income and Retained Earnings For the Years Ended December 31
2019 2018
Revenues
Sales (net) $ 250,000 $ 230,000
Other revenues 8,400 5,400
Total revenues 258,400 235,400
Expenses
Cost of goods sold 125,000 109,000
Selling, general, and administrative 57,000 52,000
Interest expense 8,600 7,800
Income tax expense 33,000 32,000
Total expenses 223,600 200,800
Net earnings (net income) 34,800 34,600
Retained earnings, January 1 89,700 61,000
Less: Preferred stock dividends 2,800 2,800
Common stock dividends 3,100 3,100
Retained earnings, December 31 $ 118,600 $ 89,700

Calculate the following ratios for 2019 and 2018. Since 2017 numbers are not presented do not use averages when calculating the ratios for 2018. Instead, use the number presented on the 2018 balance sheet.

2019 2018
a. Working capital
b. Current ratio
c. Quick ratio
d. Receivables turnover times times
e. Average days to collect accounts receivable days days
f. Inventory turnover times times
g. Average days to sell inventory days days
h. Debt to assets ratio % %
i. Debt to equity ratio
j. Number of times interest earned times times
k. Plant assets to long-term debt
l. Net margin % %
m. Asset turnover
n. Return on investment % %
o. Return on equity % %
p. Earnings per share per share per share
q. Book value per share per share per share
r. Price-earnings ratio
s. Dividend yield % %

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