Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current assets Cash $59,500 $63,100 Debt investments (short-term) 68,200 49,800 Accounts receivable 117,100 102,100 Inventory 124,000 114,400 Total current assets 368,800 329,400 Plant assets (net)

Current assets Cash $59,500 $63,100 Debt investments (short-term) 68,200 49,800 Accounts receivable 117,100 102,100 Inventory 124,000 114,400 Total current assets 368,800 329,400 Plant assets (net) 598,600 519,300 Total assets $967,400 $848,700 Liabilities and Stockholders Equity Current liabilities Accounts payable $159,200 $144,800 Income taxes payable 43,800 41,200 Total current liabilities 203,000 186,000 Bonds payable 220,000 200,000 Total liabilities 423,000 386,000 Stockholders equity Common stock ($5 par) 278,300 299,200 Retained earnings 266,100 163,500 Total stockholders equity 544,400 462,700 Total liabilities and stockholders equity $967,400 $848,700 All sales were on account. Net cash provided by operating activities for 2020 was $225,000. Capital expenditures were $141,000, and cash dividends were $82,200. Compute the following ratios for 2020. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.) (a) Earnings per share $ (b) Return on common stockholders equity % (c) Return on assets % (d) Current ratio :1 (e) Accounts receivable turnover times (f) Average collection period days (g) Inventory turnover times (h) Days in inventory days (i) Times interest earned times (j) Asset turnover times (k) Debt to assets ratio % (l) Free cash flow $

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

Financial Accounting And Reporting A Global Perspective

Authors: Herv Stolowy, Yuan Ding

5th Edition

1473740207, 978-1473740204

More Books

Students also viewed these Accounting questions

Question

List the advantages and disadvantages of the pay programs. page 536

Answered: 1 week ago