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Exercise 9-8A (Algo) Ratio analysis LO 9-2, 9-3 The balance sheet for Perez Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term

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Exercise 9-8A (Algo) Ratio analysis LO 9-2, 9-3 The balance sheet for Perez Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $ 244,000 760,000 $1,004,000 $ 140,000 443,000 583,000 421,000 $1,004,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) + Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % Exercise 9-13A (Algo) Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Munoz Company for Year 3: MUNOZ COMPANY Balance sheet Assets Cash $ 15,050 Marketable securities 7,820 Accounts receivable 13,040 Inventory 10,550 Property and equipment 173,500 Accumulated depreciation (12,100 Total assets $207,860 Liabilities and Stockholders' Equity Accounts payable $ 8,270 Current notes payable 3,640 Mortgage payable 4,650 Bonds payable 21,840 Common stock 113,600 Retained earnings 55,868 Total liabilities and stockholders' equity $207,860 The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $15,300. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) per share a Curront ratio b. Earnings por share c. Quick (acid-test) ratio d. Return on investment o. Return on equity Debt to equity ratio % Problem 9-22A (Algo) Ratio analysis LO 9-3, 9-4, 9-5 Franklin Company's income statement information follows: Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (Year 1: $197,000) Common stock, December 31 Year 3 $429,000 116,000 55,168 8,950 297,000 195,000 Year 2 $260,000 78,000 62,400 7,800 245,000 175,000 The average number of shares outstanding was 7,800 for Year 3 and 7,000 for Year 2. Required Compute the following ratios for Franklin for Year 3 and Year 2. a. Number of times interest was earned. (Round your answers to 2 decimal places.) b. Earnings per share based on the average number of shares outstanding. (Round your answers to 2 decimal places.) c. Price-earnings ratio (market prices: Year 3, $66 per share; Year 2. $77 per share).(Round your intermediate and final answers to 2 decimal places.) d. Return on average equity. (Round your percentage answers to 2 decimal places. (.e., 0.2345 should be entered as 23.45).) e. Net margin. (Round your percentage answers to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) Year 3 times Year 2 times a. Times interest earned b. Earnings per share o Price camings ratio d. Return on average equity e. Not margin times % % times % %

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