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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:

  1. Current Ratio
  2. Acid-test Ratio
  3. A/R Turnover
  4. Inventory Turnover
  5. Profit Margin
  6. Return on Assets
  7. Return on Equity
  8. Debt to Equity Ratio
  9. Price Earnings Ratio ( Current Price $12.00/Share)
  10. Dividend Yield

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