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Condensed balance sheet and income statement data for Landwehr Corporation appear below. Additional information: Compute the following ratios for 2015 and 2016. (Round Earnings per
Condensed balance sheet and income statement data for Landwehr Corporation appear below.
Additional information:
Compute the following ratios for 2015 and 2016. (Round Earnings per share to 2 decimal places, e.g.1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.)
LANDWEHR CORPORATION Balance Sheets December 31 2014 2016 2015 Cash 25,100 17,500 19,000 Accounts receivable (net) 44,700 49,300 48,200 95,300 89,500 63,600 Other current assets 69,200 Investments 74,800 46,000 Plant and equipment (net) 399,900 369,500 358,700 $638,600 $596,200 $535,500 $75,400 $80,700 Current liabilities $71,000 79,800 85.800 49,900 Long-term debt 381,200 309,100 298,800 Common stock, $10 par 102,200 115,800 Retained earnings 120,600 $638,600 $596,200 $535,500Step by Step Solution
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