e Declared a cash dividend $325,000 common stock dividend on common stock, $150,000 Bonowed cash from bank on a long-term note, 5T cash on account, $75,000 L ssued additional shares of stock for cash, $2,000,000. Paid cash for prepaid expenses, $200.000 comparative financial statements of Stargel Inc. are as follows, Stargel common stock PR 17-4B Measures of liquidity, solvency and profitability The market price d 9. Ratio of BabiliiesThe comparative to stockholders was $119.70 on December 31, 20Y2. equity 0.4 2 Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 55,375,000 $4,545,000 Net income Total Dividends 900,000 925,000 56.275,000 $5,47000 45,000 45.000 $ 95,000 $ 95,000 Preferred stock dividends.... Common stock dividends Total dividends 50,000 Chapter 17 Fitn 17 Financial Statement Anal 877 Sales Cost of goods sold. Gross profit Selling expenses Administrative expenses Total operating Income from Other revenue 1, 20Y2 and 20Y1 2012 10.000,000 $9400,000 5,350000 490000 4450,000 $4450000 2.000,000 $1,880,.000 operations Other expense linterest)... Income before income tax Income tax expense Net income.... 1.410.000 3,500000 3.290,000 1,150,000 $1,160,000 150000 140.000 $1,300,000 $1,300,000 0.000150,000 $1,130,000 $1,150000 900,000 925.000 Stargel Inc Comparative Balance Sheet December 31, 202 and 20Y1 Assets Current assets: Cash Marketable securities Accounts receivable (net) 500,000 400,000 1,010,000 1,000,000 740,000 510000 1,190,000 950.000 Prepaid expenses Total current assets.. Long-term investments Property, plant, and equipment (net 2.350,000 2,300,000 3.740,0003,366.000 59,780000 58 755,000 Total assets 5 900000 5 880000 Current liabilities Long-term liabilities 200,000 s 1.700000$1,500.000 52600.000 $2.380,000 Bonds payable, 10% Total liabilities Stockholders' Equity $500,000 S500000 Common stock, $5 par. Retained earnings Total stockholders equity Total liabilities and stockholders equity 500,000 500000 6 1800005375.000 $7,180,000 $6375.000 9,780 000 $8755,000 Instructions Determine the following measures for 20Y2, rounding to one decimal place including percentages, except for per-share amounts 1. Working capital 2. Current ratio 3 Quick ratio 1. Accounts receivable turnover 5 Number of days' sales in receivables Continued) 878 Chapter 17 Financial Statement Analysis 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield Solvency and profitability trend analysis PR 17-5B Crosby Company has provided the following comparative information OBJ.4,5 V 1, b, 2017, 32.9% 20Y8 $ 5,571,720 $3,714,480 $2,772,000 $1,848,000 20Y7 20Y6 20YS 20Y4 Net income $ 1,848,000 $1,40000 Interest expense 1,052,060
