C9-7

The following financial statements apply to Baird Company: 2019 2018 $210,200 8,000 218,200 $176,600 5,600 182,200 Revenues Net sales Other revenues Total revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses 125,300 20,200 9,600 2,100 19,200 176,400 $ 41,800 102,900 18,200 8,600 2,100 16,500 148,300 $ 33,900 $ 5,500 2,400 36,700 100,700 4,600 149,900 105,200 20,200 $275,300 $ 6,200 2,400 31,700 95,800 3,600 139,700 105, 200 0 $244,900 Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (45,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 39,600 15,700 55,300 64,400 119,700 $ 55,200 17,000 72,200 65,400 137,600 114,000 41,600 155,600 $275,300 114,000 (6,700) 107,300 $244,900 2019 2018 % % % % % % a. Net margin b. Return on investment c. Return on equity d. Earnings per share e. Price-earnings ratio f. Book value times times times times g. Interest earned h. Working capital i. Current ratio times times j. Quick (acid-test) ratio k. Accounts receivable turnover 1. Inventory turnover m. Debt to equity ratio times times n. Debt to assets ratio % %