can do 14-8 thru 14-11

YA Current fiscal year income from continuing operations, 13.0% of EX 14-2 Vertical analysis of income statemes The following comparative income statement (in was adapted from the annual report of Speedu of several major motor speedways, such as the A BE 14-8 Asset turnover Ob). 5 A company reports the following: $4,400,000 Sales SHOW ME HOW Average total assets (excluding long-term investments) Determine the asset turnover ratio. (Round percentages to one decimal place.) 2,000,000 revenues Revenues: Admissions Event-related revenue NASCAR broadcasting revenue Other operating revenue Total revenues BE 14-9 Return on total assets Obj. 5 REAL WORLD A company reports the following income statement and balance sheet information for the rent year: $ 410,000 90,000 SHOW ME HOW Net income Expenses and other: Direct expense of events NASCAR purse and sanction fees Other direct expenses General and administrative Total expenses and other Income from continuing operations Interest expense 5,000,000 Average total assets Determine the return on total assets. (Round percentages to one decimal place.) Obj 5 BE 14-10 Common stockholders' profitability analysis A company reports the following: A. Prepare a comparative income statement fc item as a percent of revenues. (Round pere $1,000,000 Net income SHOW NE HOW 50,000 Preferred dividends 6,250,000 B. Comment on the significant chan Average stockholders'equity 3,800,000 Average common stockholders'equity Determine (A) the return on stockholders' equity and (B) the return on common stockholders equity. (Round percentages to one decimal place.) EX 14-3 Common-sized income statement Revenue and expense data for the current cal electronics industry are as follows. Tannenhill of sales industry averages are expressed in percentage VA Tannenhill net income: $120,000; 3.0% Eamings per share and price-earnings ratio Obj. 5 BE 14-11 A company reports the following: SHOW ME HOW Net income $410,000 Preferred dividends $60,000 SHOW ME WOW Shares of common stock outstanding Market price per share of common stock A. Determine the company's earnings per share on common stock. B. Determine the company's price-eamings ratio. (Round to one decimal place.) 50,000 $84 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Operating income Exercises