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can someone please help me with 5-10. I got stuck at those parts . thank you :) The financial statements of Concord Company appear below:
can someone please help me with 5-10. I got stuck at those parts .
The financial statements of Concord Company appear below: CONCORD COMPANY Comparative Balance Sheet December 31 2022 2021 Assets Cash $ 26,700 $ 43,400 16.300 55,200 62.000 24,200 150,000 175,000 185.000 222.000 $440,000 $519,800 Debt investments Accounts receivable (net) Inventory Property, plant and equipment (net) Total assets Liabilities and stockholders' equity Accounts payable Short-term notes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 23,600 $ 22,900 36,300 68,400 96,200 160,500 169,500 70,700 201.700 110,000 $440,000 $519,800 $376,000 190,000 186,000 CONCORD COMPANY Income Statement For the Year Ended December 31, 2022 Net sales (all on credit) Cost of goods sold Gross profit Expenses Interest expense $9.900 Selling expenses 31.000 Administrative expenses 18,000 Total expenses Income before income taxes Income tax expense Net income 58,900 127,100 35,400 $ 91,700 Additional information: a. b. Cash dividends of $48,700 were declared and paid on common stock in 2022. Weighted average number of shares of common stock outstanding during 2022 was 48,700 shares. Market price of common stock on December 31, 2022, was $18 per share. Net cash provided by operating activities for 2022 was $74.100. C. d. Using the financial statements and additional information, compute the following ratios for the Concord Company for 2022. (Round all answers to 2 decimal places, e8. 1.83 or 12.61%) 1. Current ratio 426 :1 2 Return on common stockholders equity 33.23 % 3. Price-earnings ratio 9.57 times 4. Inventory turnover 1.17 times 5. Accounts receivable turnover times 6. Times interest earned times 7. Profit margin % 8 Average days in inventory DANNI days 9. Payout ratio % 10. . Return on assets % thank you :)
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