"Copper Corporation

Balance Sheets Current Year

Dec. 31 Jan. 1 " "Copper Corporation

Income Statement for the

Current Year"

Cash $ 31,600 $ 26,900 Sales $936,000

Accounts receivable 252,000 216,000 Cost of goods sold (515,000)

Inventory 173,000 178,000 Gross profit on sales $421,000

Equipment (net) 129,000 152,000 Operating expenses (332,000)

$585,600 $572,900 Operating income $ 89,000

Accounts payable $135,000 $147,000 Interest expense and income taxes (39,000)

Dividends payable 18,000 14,000 Profit $ 50.000

Share capital, $9 par 90,000 90,000

Retained earnings 342,600 321,900

$585,600 $572,900

All sales were made on account. Cash dividends declared during the year totaled $29,300.

Compute and interpret the following:

a Average accounts receivable turnover

b Book value per share at the end of the current year

c Earnings per share

d Return on assets

e Return on ordinary shareholders equity

2..Saudi Electricity Company management has just completed an assessment of the companys assets and liabilities as on 31-12-2016 and has obtained the following information.

A)1-The firm has total current assets worth $625,000 at book value and $519,000 at market value.

B)Its long-term assets include plant and equipment valued at market for $695,000, While their book value is $940,000.

C)The Companys total current liabilities are valued at market for $543,000, while their book value is $495,000. Both the book value and the market value of long-term debt is $350,000.

D)If the companys total assets are equal to a market value of $1,214,000 (book value of $1,565,000),

From the above information:

What are the book value and market value of its stockholders equity?