Question
Data from the current year-end Balance Sheet & the current years Income Statement for ABC, Inc.: ASSETS SALES $393,600 Cash $ 20,000 Cost of Goods
Data from the current year-end Balance Sheet & the current years Income Statement for ABC, Inc.:
ASSETS SALES $393,600
Cash $ 20,000 Cost of Goods Sold 290,600
Acct. Recivables 88,700 Operating Expenses 125,250
Merchandise Inventory 86,800 Income Tax Expense 11,600
Prepaid Expenses 9,700 Net Income $ 33,850
Plant Assets 176,900
Total Assets $382,100 Earnings Per Share $ 1.27
Dividends Per Share $ .50
LIABILITIES & EQUITY
Acct. Payable $ 90,500 Beginning-of-year Balance Sheet data:
L/T Notes Payable 93,000 Acct. Receivables $ 72,200
Common Stock, $5 Par 133,000 Merchandise Inventory 105,100
Retained earnings 65,600 Total Assets 383,400
Total Liab. & Equity $382,100 Common Stock 133,000
Retained Earnings 49,100
Calculate the following ratios for ABC, Inc. for the current year:
- Current Ratio
- Acid-test Ratio
- A/R Turnover
- Inventory Turnover
- Profit Margin
- Return on Assets
- Return on Equity
- Debt to Equity Ratio
- Price Earnings Ratio ( Current Price $12.00/Share)
- Dividend Yield
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