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Financial statements for Rundle Company follow. RUNDLE COMPANY Balance Sheets As of December 31 Year 4 Year 3 Assets Current assets Cosh Marketable securities: Accounts
Financial statements for Rundle Company follow. RUNDLE COMPANY Balance Sheets As of December 31 Year 4 Year 3 Assets Current assets Cosh Marketable securities: Accounts receivable (net) Thventories Prepaid items Total current assets Investments plant (net) tand Total assets Wiabilities and Stockholders' Equity tiabilities Cirrent liabilities Hotes payable Accounts payable Salaries payable Nonctrrent liabilities Bronds payable other Total noncurrent liabilities Total liabilities. Stockholders' equity preferred stock, (par value $10,4% cumulative, non-participating; 7,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10 , abe shares issued) Retained earnings Total stockholders? equity total Iiabilities and stockholders' equity RUNDOLE COIPANY Statements of Income and Retained Earnings \begin{tabular}{rr} $22,000 & $18,000 \\ 21,200 & 7,200 \\ 53,000 & 45,000 \\ 138,000 & 146,000 \\ 27,000 & 12,000 \\ \hline 261,200 & 228,200 \\ 27,000 & 20,000 \\ 270,000 & 255,000 \\ 30,000 & 25,000 \\ \hline$588,200 & $528,200 \\ \hline \hline \end{tabular} \begin{tabular}{|rr} $31,800 & $13,500 \\ 133,800 & 120,000 \\ 21,000 & 15,000 \\ \hline 186,600 & 148,500 \\ \hline 100,000 & \begin{tabular}{r} 100,000 \\ 27,000 \end{tabular} \\ \hline 127,600 & 122,00012,000 \\ \hline 313,600 & 270,500 \\ \hline \end{tabular} \begin{tabular}{|r|r|} \hline 70,000 & 70,000 \\ 70,600 & 70,000 \\ 134,600 & 117,700 \\ \hline 274,600 & 257,700 \\ \hline$588,200 & $528,200 \\ \hline \end{tabular} Required Calculate the following ratios for Year 4 and Year 3 a. Working capital b. Currentiatio. (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, Year 3. Were \$46,000). (Round your answers to 2 decimal places.) e. Average days to collect accounts receivable. (Use 365 days in a year. Round your intermediate calculations-to 2 decimal place and your final answers to the nearest whole number.) f. Inventory turnover (beginning inventory at January 1, Year 3, was \$152,000). (Round your answers to 2 decimal places.) 9. Nuinber of days to sellinventory. Use 365 days in a year. 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-equityratio. (Round your answers to 2 decimal places.) j. Number of times thterest was earned. (Round your answers to 2 decimal ploces:) k. Plantassets to longterm-debt. (Round your answers to 2 decimal places.) 1. Netmargin. (Round your answers to 2 decimal places.) m. Tumover of assets (average total assets in Year 3 is $528,200 ). (Round your answers to 2 decimal places.) n. Return on investment (average total assets in Year 3 is $528,200 ). (Round your answers to 2 decimal ptaces.) o. Return on equity (average stockholders' equity in Year 3 is $257,700 ). (Round your answers to 2 decimal places.) p. Earnings per share (total shares outstanding is unchanged). (Round your answers to 2 decimal places.) q. Book value pel share of common stock. (Round your answers to 2 decimal places.) r. Price-earnings ratio (marketprice per share: Year 3, $12.35, Year 4,$1,70. (Round your intermediate calculations and final ansv to 2 decimal places.) s. Dividend yieldion commonstock. (Round your answers to 2 decimal places.)
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