c E F Market price of shares at year end Par value of common stock per share 42.00 20.00 Number of shares outstanding 23 Bonds payable, 1086 575.000 200.000 24 Total liabilities 2 400 000 1.343.400 25 Stockholders' equity 26 common stock 1.150.000 1.150.000 27 Retained earnings 1.135.00 941.500 28 Total stockholders' equity 2.285.000 2.091.600 Total liabilities and stockholders' equity A685.000 125.000 30 31 Required 12 compute the following ratios for the current year only 53 Gross margin percentage 34 Current ratio (rounded to two decimal places) 35 Acid-test ratio (rounded to two decimal places 36 Accounts receivable turnover (rounded to two decimal places 37 Average collection period (rounded to the nearest whole day) 38 Inventory turnover ratio (rounded to two decimal places 39 Average sales period (rounded to the nearest whole day) 40 Debt-to-equity ratio (rounded to two decimal places 41 Times interest earned (rounded to two decimal places 42 Book value per share rounded to two decimal places 43 Earnings per share (rounded to two decimal places 44 Dividend payout ratio (rounded to three decimal places 45 Dividend yield radio (rounded to three decimal places Sheet1 . 1. Compute and interpret financial retios thet managers use to assess liquidity 2. Compute and interpret financial ratios the managers use for asset management purposes 3. Compute and interpret financial ratios that managers use for debt management purposes. This Year --- Selected Financial Ratios - Excel FORMULAS DATA REVIEW FILE HOME INSERT PAGE LAYOUT VIEW Sign In Calibri 10 - A AA A 54980.000 2988000 1992.000 Paste BIV Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font E18 V Income taxes 1 scent inancial statements for commer, Inc. are as follows: 2 Zimmer Company Zimmer Company 3 Comparative Balance Sheet Income Statement 4 This Year 5 G arent assets 2 Cash 5 360.000 310.000 Sales (all on account) 8 Marketable securities 220.000 80.000 Cost of goods sold 9 Accounts receivable, net 775.000 700.000 Gross margin 10 Inventory 925.000 750.000 Selling and administrative expenses 11 Other current assets 195.000 Operating expenses 12 cal current as 2.635.000 2.035,000 Depreciation and amortization 13 ant and equipment, net 1.975.000 1.800.000 General and administrative expenses 14 therus 75.000 100.000 Total selling and administrative expenses 15 S AGRO 1 Net Operating income 16 abilities and Stockholders' Equity Interest expense 17 rentabilities Net income before 18 Accounts payable $ 250,000 $ 225.000 income taxes 19 Short-term bank loans 750,000 600.000 Net income 20 Accrued payables 550.000 395.000 21 Other current liabilities 275.000 223.400 Additional information 22 al current abies 1325.000 1.443.400 Dividend per share paid in current year 23.10% 575.000 400.000 Market orice sharestend Sheet1 + C E - 985 500 410.500 150.000 1.546.000 446,000 60.000 386,000 135100 S250.900 This Year 54980.000 2.988.000 1992.000 IS 1.00 1 Recent financial statements for Zimmer, Inc. are as follows: 2 Zimmer Company Zimmer Company 3 Comparative Balance Sheet Income Statement 4 This Year Last Year 5 Ant 6 Current 7 Cash $ 360.000 310.000 Sales (lon count) 8 Marketable securities 220.000 80.000 Cost of goods sold 9 Accounts receivable, net 775.000 700.000 Grossman 10 Inventory 925.000 750 000 Selling and administrative expenses 11 Other current assets 355.000 195.000 Operating expenses 12 Total current assets 2.635.000 2.035.000 Depreciation and amortization 13 Plant and equipment, net 1.975.000 1.800.000 General and administrative expenses 14 Others 75.000 100.000 Totalling and administrative experts 15 To L.000. Net operating income 16 Liabilities and Stockholders' Equity Interest Expense 17 Current Liabilities Net income for 18 Accounts payable $ 250.000 225.000 income taxes 1200- READY 100% 985 500 410500 150000 1.546.000 446.000 60000 386,000 115.100
