Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the following information Using the following information find the ratios listed: Hamilton Company Comparative Balance Sheets December 31, 2018 and December 31, 2019 Assets

Find the following information

image text in transcribedimage text in transcribedimage text in transcribed
Using the following information find the ratios listed: Hamilton Company Comparative Balance Sheets December 31, 2018 and December 31, 2019 Assets 2018 2019 Difference Cash 15,000 47,000 32,000 Accounts Receivable 55,000 47,000 (8,000) Inventory 110,000 144,000 34,000 Prepaid Expenses 5,000 1,000 (4,000) Long term investments 127,000 115,000 (12,000) Land 55,000 55,000 Building 450,000 660,000 210,000 Accumulated Depr - Building (68,000) (103,000) (35,000) Total Assets 749,000 966,000 217,000 Liabilities & Stockholder's Equity Accounts Payable 43,000 50,000 7,000 Income Tax Payable 5,000 3,000 (2,000)Income Tax Payable 5,000 Accrued Liabilities 9,000 Bonds Payable 245,000 Common Stock $5 par value 200,000 Additional paid in capital 115,000 Retained Earnings 132,000 Total Liabilities & S/E 749,000 Sales 225,000 Cost of Goods Sold 120,000 Gross Prot 105,000 Operating Expense 70,000 Income before interest35,000 Interest 12,000 Income before Taxes 23,000 Taxes 7,000 Net Income 16,000 Dividends Paid $13,800 Market price of stock $12 3,000 1 2,000 295.000 276,000 214,000 116,000 966,000 (2,000) 3,000 50,000 76,000 99,000 (1 6,000) 21 7,000 Find the following ratios for 2015: Current Ratio Quick Ratio Accounts Receivable Turnover Days to Collect Inventory Turnover Days on hand Payable Turnover Days to pay Debt to Equity Ratio 10. Number of times 5995'9'P'P9'NT' interest Earned 11. Profit Margin 12. Assets Turnover 13. Return on Assets 14. Return on Equity 15. Earnings per Share 16. Price/Earnings Ratio 17. Dividend Yield

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Comprehensive Assurance & Systems Tool An Integrated Practice Set

Authors: Laura R Ingraham, J Greg Jenkins

3rd Edition

0133251969, 9780133251968

More Books

Students also viewed these Accounting questions

Question

=+b) Is this model appropriate for this series? Explain.

Answered: 1 week ago