Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Comparative financial statement data of Manfield, Inc. follow: (Click the icon to view the income statement.) Click the icon to view the balance sheet.) Requirement

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Comparative financial statement data of Manfield, Inc. follow: (Click the icon to view the income statement.) Click the icon to view the balance sheet.) Requirement 1a. Compute the current ratios for 2018 and 2017 Begin by selecting the formula to compute the current ratio. Current ratio Now, compute the current ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) 2018: 2017: Requirement 1b. Compute the cash ratios for 2018 and 2017. Begin by selecting the formula to compute the cash ratio. Cash ratio Now, compute the cash ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) 2018 2017: Requirement 1c. Compute the times interest-earned ratios for 2018 and 2017 Begin by selecting the formula to compute the times-interest-earned ratio. Times-interest-eamed ratio MacBook esc 80 F2 F3 F4 % $ A 2 3 Now, compute the times-interest-eamed ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) 2018: 2017: Requirement 1d. Compute the inventory tumover ratios for 2018 and 2017. Begin by selecting the formula to compute the inventory turnover ratio. Inventory tumover ratio Now, compute the inventory turnover ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) 2018: 2017 Requirement te. Compute the gross profit percentage for 2018 and 2017 Begin by selecting the formula to compute the gross profit percentage Gross profit percentage Now, compute the gross profit percentage for 2018 and 2017. (Round your answers to one tenth of a percent, XX%) 2018: 2017 MacBook Air esc 2 BO F3 Doo 2 # 3 $ 4 % 5 6 W E R. T Requirement 16. Compute the debt to equity ratios for 2018 and 2017. Begin by selecting the formula to compute the debt to equity ratio. Debt to equity ratio Now, compute the debt to equity ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) 2018: 2017: Requirement 1g. Compute the rate of return on common stockholders' equity for 2018 and 2017 Begin by selecting the formula to compute the rate of return on common stockholders' equity. Rate of return on common stockholders' equity Now, compute the rate of return on common stockholders' equity for 2018 and 2017. (Round your answers to one tenth of a percent, % 2018 2017: Requirement th. Compute the earnings per share of common stock for 2018 and 2017 Begin by selecting the formula to compute the earnings per share of common stock Faminen har = MacBook Air RO # 3 2 $ 4 % 5 & 6 Q W E R. T Requirement th Compute the warnings per share of common stock for 2018 and 2017 Begin by selecting the formula to compute the earnings per share of common rock Earnings per share Now, compute the comings per share for 2018 and 2017. (Round your swers to the cat, SXXX) 2018: 2017 Requirement 11. Compute the promings ratio for 2018 and 2017 Begin by selecting the formula to compute the price learning roli Prioleamings ratio Now, compute the priceleamings ratio for 2018 and 2017. (Round your termined to answers to two decimal places, XXX) 2018 2017 Requirement 2. Decide () whether Manteld's ability to pay debts and to every moved or deteriorated during 2018 and (b) whether the investment attractiveness of its common stock (a) Did Marfield's ability to pay its debts and to sell Inventory improve odore during 2017 (h) Did the investment attractiveness of Manfield's common stock appear to have created or decreased? MacBook Air # 3 $ 4 5 7 R Additional Financial Information Balance Sheet 1. Market price of Marfild's common stock 8.30 December 31, 2018, and $26.04 December 31, 2017 2. Common shares outstanding 13.000 on December 31, 2018 and 12,000 on December 31, 2017 and 2016 3. All sales are on credit Print Done Manfield, Ine. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2010 Assets Mine Comparative Income Statement Year Ended December 31, 2018 and 2017 2010 Current Ass 2017 Cast Ne Sales Revenue 96,000 $ 113.000 150,000 14000 93.000 118.000 $ 105.000 160.000 203.000 9,000 $ 450.000 5 423.000 240 000 217 000 Coul of Goods Sold Grosso 219.000 1100 200.000 132.000 372.000 212.000 380.000 181 000 85.000 14.000 74.000 17.000 Accounts Receivables Net Merchandise Inventory Prepaid Expenses Total Current Asses Property, Pan and Equipment, Net Yo Assets Lab Total Current Latitis Long-term Liabetes Total Labs 5 584,000 561.000 01.000 Operating Income From Operations est Expen Income income Tax Income Tax Expen Not income 57 000 71.000 19.000 52,000 $ common stock pears to have increased or ce 25.000 $ 247 000 00 220.000 122.000 351.000 2000 301.000 Done Print Done MacBook Air 7 8 3 5

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practical Guide To Auditing SAP Systems

Authors: Martin Metz, Sebastian Mayer

1st Edition

3960126409, 978-3960126409

More Books

Students also viewed these Accounting questions