Question
Financial statements for Benson Company follow. BENSON COMPANY Balance Sheets As of December 31 2019 2018 Assets Current assets Cash $ 17,500 $ 13,500 Marketable
Financial statements for Benson Company follow. BENSON COMPANY Balance Sheets As of December 31 2019 2018 Assets Current assets Cash $ 17,500 $ 13,500 Marketable securities 20,300 6,300 Accounts receivable (net) 44,000 36,000 Inventories 129,000 137,000 Prepaid items 28,000 13,000 Total current assets 238,800 205,800 Investments 27,000 20,000 Plant (net) 270,000 255,000 Land 29,000 24,000 Total assets $564,800 $504,800 Liabilities and Stockholders Equity Liabilities Current liabilities Notes payable $ 17,200 $ 8,500 Accounts payable 88,800 75,000 Salaries payable 24,000 18,000 Total current liabilities 130,000 101,500 Noncurrent liabilities Bonds payable 130,000 130,000 Other 27,000 22,000 Total noncurrent liabilities 157,000 152,000 Total liabilities 287,000 253,500 Stockholders equity Preferred stock, (par value $10, 5% cumulative, non-participating; 8,000 shares authorized and issued) 80,000 80,000 Common stock (no par; 50,000 shares authorized; 10,000 shares issued) 80,000 80,000 Retained earnings 117,800 91,300 Total stockholders equity 277,800 251,300 Total liabilities and stockholders equity $564,800 $504,800
BENSON COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 2019 2018 Revenues Sales (net) $260,000 $240,000 Other revenues 8,600 5,600 Total revenues 268,600 245,600 Expenses Cost of goods sold 130,000 112,000 Selling, general, and administrative 58,000 53,000 Interest expense 8,900 8,100 Income tax expense 38,000 37,000 Total expenses 234,900 210,100 Net earnings (net income) 33,700 35,500 Retained earnings, January 1 91,300 63,000 Less: Preferred stock dividends 4,000 4,000 Common stock dividends 3,200 3,200 Retained earnings, December 31 $117,800 $ 91,300
Required Calculate the following ratios for 2019 and 2018. Since 2017 numbers are not presented, do not use averages when calculating the ratios for 2018. Instead, use the number presented on the 2018 balance sheet. a. Working capital. b. Current ratio. (Round your answers to 2 decimal places.) c. Quick ratio. (Round your answers to 2 decimal places.) d. Receivables turnover (beginning receivables at January 1, 2018, were $37,000). (Round your answers to 2 decimal places.) e. Average days to collect accounts receivable. (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.) f. Inventory turnover (beginning inventory at January 1, 2018, was $143,000). (Round your answers to 2 decimal places.) g. Number of days to sell inventory. (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.) h. Debt to assets ratio. (Round your answers to the nearest whole percent.) i. Debt to equity ratio. (Round your answers to 2 decimal places.) j. Number of times interest was earned. (Round your answers to 2 decimal places.) k. Plant assets to long-term debt. (Round your answers to 2 decimal places.) l. Net margin. (Round your answers to 2 decimal places.) m. Turnover of assets. (Round your answers to 2 decimal places.) n. Return on investment. (Round your answers to 2 decimal places.) o. Return on equity. (Round your answers to 2 decimal places.) p. Earnings per share. (Round your answers to 2 decimal places.) q. Book value per share of common stock. (Round your answers to 2 decimal places.) r. Price-earnings ratio (market price per share: 2018, $11.90; 2019, $12.80). (Round your intermediate calculations and final answer to 2 decimal places.) s. Dividend yield on common stock. (Round your answers to 2 decimal places.)
*I HAVE THE FIRST 4 PARTS. I NEED THE REST COMPLETED! Thank you. Please show work if possible.
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