eBook Calculator Print Itern Ratio Analysis of Comparative Financial Statements A comparative income statement and balance sheet of Miller Electronics Corporation for the last two years are shown. Miller Electronics Corporation Comparative Income Statement For Years Ended December 31, 20-2 and 20:1 20-2 201 $42.980 $655, 186 401,010 $954 170 262.430 Net Sales (all on account) Cost of goods sold Grow profit Administrative expenses Selling expenses Total operating expenses Operating income Interest expense income before income taxes income tax expense Net income $64,066 66,948 $131,014 $12,156 1,314 $121,842 SISUSSO $42.632 44-508 $56.940 $72,610 1,234 $71376 13,254 $57,622 30,338 $91,504 Miller Electronics Corporation Comparative Balance Sheet December 31, 2012 and 201 202 20-1 Chock My Work Save and Sub II 0 Income tax expense 30,338 13,754 Net income $91,504 $57,622 Miller Electronics Corporation Comparative Balance Sheet December 31, 20-2 and 20-1 20-2 20-1 Assets Current assets: $42.97 $21,929 74,411 91,959 3,787 47,930 50 920 1194 5121978 S213,134 Cash Receivables (net) Merchandise inventory Supplies and prepayments Total current assets Property, plant, and equipment: Office equipment (net) Factory equipment (net) Total property, plant, and equipment Total assets Liabilities Current liabilities Notes payable Accounts payable Accrued and withheld payroll taxes $11,701 105,014 116,715 $329,849 S880 70,910 $79.000 $201.063 $10.220 43,115 6,257 $6,120 29,070 5.00 Cock My Work 0 SUN YHTLIVIULUIVURLI Session Locatore unprogress-lalse eBook Calculator Print Item Total assets $329,849 $201,063 Liabilities Current liabilities $10,220 $6,120 29,970 43,115 6,257 5,40% Notes payable Accounts payable Accrued and withheld payroll taxes Total current liabilities Stockholders' Equity Common stock ($10 par) Read earnings Total stockholders' equity $59,592 $41,497 $100,000 170,257 $270,237 $84,000 75,566 $159,566 $20,062 Total babies and stockholde quity $329,849 Required: Calculate the following ratios and amounts for 20 1 and 20-2. Round all calculations to two decimal places. (a) Return on assets (Total assets on January 1, 20-1, were $172,953.) w Return on common stockholders' equity Total common stockholders' equity on January 1.20-1. Was $110,276.) () earrings per share of common stock the average numbers of shares outstanding were 8.400 shares in 20-1 and 9,200 in 20-2.) (a) tool value per Share of common stock e Duck ratio Current ratio Ok My Wak eBook Calculator Printiler Required: Calculate the following ratios and amounts for 20-1 and 2012. Round calculations to two decimal places (a) Return on assets (Total assets on January 1, 20-1, were $172,953.) (b) Return on common stockholders equity (Total common stockholdere equity on January 1.20-1 was $110,276.) (c) Earnings per share of common stock (The average numbers of shares outstanding were 8.400 shares in 20-1 and 9,200 in 20-2.) (d) Book value per share of common stock (e) Quick ratio (6) Current ratio (9) Working capital (h) Receivables turnover and average collection period (Netreceivables on January 1, 20-1 were oy Merchandise inventory turnover and average number of days to sell inventory (Merchandise onventory on January 1, 20-1, was $48,570.) 6) Debt-to-equity ratio (k) Asset turnover (Assets on January 4, 20-1, were $172,953.) (1) Times interest earned ratio (m) Profit margin ratio X) Assets-to-equity ratio