Can someone please do 1-18? thank you !!!
eBook Calculator Print them Measures of liquidity, Solvency and Profitability The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel Inc. common stock was $119.70 on December 31, 2012 Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $4,545,000 Net income $5,375,000 900,000 $6,275,000 925,000 Total $5,470,000 Dividends: On preferred stock $45,000 $45,000 50,000 On common stock 50,000 Total dividends $95.000 $95,000 $6,180,000 Retained earnings, December 31 $5,375,000 2011 $9,400,000 4,950,000 Stargel Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 20Y2 Sales $10,000,000 Cost of goods sold 5,350,000 Gross profit 34,650,000 Selling expenses $2,000,000 Administrative expenses 1,500,000 Total operating expenses $3,500,000 Income from operations $1,150,000 Other income 150,000 $1,300,000 $4,450,000 $1,880,000 1.410,000 $3,290,000 $1,160,000 140,000 $1,300,000 Check My Work 2 more Check My Work uses remaining All work saved eBook Calcudo Other income Other expense (interest) 150,000 $1,300,000 170,000 $1,130,000 230,000 $900,000 140,000 $1,300,000 150,000 $1,150,000 225,000 $925,000 Income before income tax Income tax expense Net income Stargel Inc. Comparative Balance Sheet December 31, 2012 and 2041 Dec. 31, 2012 Assets Dec 31, 2011 Current assets: Cash Marketable securities Accounts receivable (net) Inventories $500,000 1,010,000 740,000 1,190,000 250,000 $400,000 1,000,000 510,000 950,000 229,000 Prepaid expenses Total current assets Long-term investments $3,690,000 2,350,000 3,740,000 $9,780,000 $3,089,000 2,300,000 3,366,000 $8,755,000 Property, plant, and equipment (net) Total assets Liabilities Current liabilities $900,000 $880,000 Long-term liabilities: Mortgage note payable, 10% $200,000 1,500,000 Bonds payable, 10% Total long-term liabilities $1,700,000 1,500,000 $1,500,000 $2,380,000 Total liabilities $2,600,000 Check My Work 2 more Check My Work uses remaining Commons 14. Runon commodo Email utructor and atta to Preferred $0.90 stock, $10 par Common stock, $5 par 500,000 500,000 Retained earnings 6,180,000 5,375,000 Total stockholders' equity $7,180,000 $6,375,000 Total liabilities and stockholders' equity $9,780,000 $8,755,000 Required: Determine the following measures for 2042, rounding to one decimal place, except dollar amounts which she year. $ 1. Working capital 2,790,000 4.1 2.5 2. Current ratio 3. Quick ratio 16.5 X 4. Accounts receivable turnover 5. Number of days' sales in receivables 22.8 days 6. Inventory turnover 7. Number of days' sales in inventory days 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 7.65 x 11. Asset turnover 1.079 12. Return on total assets 13.29 X % 13. Return on stockholders' equity 12.53 X % 14. Return on common stockholders' equity 13.62 X % 15. Earnings per share on common stock 9 16. Price-earnings ratio 13.3 17. Dividends per share of common stock 0.5 18. Dividend yield 0.417 X % Check My Work 2 more Check My Work uses remaining
