Going to recheck my calculations. Looking for some guidance. I have all the formulas, just what goes where. So many different ways to say something in this field.
ASSEIS Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock, (par value $16, 5% cumulative, non-participating; 6,686 shares authorized and issued] Common stock (no par; 53,666 shares authorized; 16,366 shares issued] Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 5 15,599 29,199 55,999 127,999 25,999 242, 599 22, 999 259, 99-9 2?, 999 $551,599 5 19,299 139,399 22,999 199, 99-9 119, 999 25, 999 135,999 315,999 59, 999 59, 99-9 115, 599 236,660 $551,660 5 12,599 5,199 45,999 135,999 11,999 299, 599 15, 999 245, 99-9 22, 999 $491,599 5 15,999 125,999 15,999 154, 99-9 119, 999 29, 999 139,999 294,999 59,999 59,999 95,299 206,?60 $491,660 ADAMS COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 2019 2018 Revenues Sales (net) $ 240, 900 $ 220, 900 Other revenues 8,200 5,200 Total revenues 248, 200 225, 200 Expenses Cost of goods sold 120, 900 106, 900 Selling, general, and administrative 56,000 51, 900 Interest expense 8,300 7,500 Income tax expense 28,900 27,900 Total expenses 212, 300 191, 500 Net earnings (net income) 35,900 33, 700 Retained earnings, January 1 86,700 59,900 Less: Preferred stock dividends 3,000 3,900 Common stock dividends 3,900 3,060 Retained earnings, December 31 $ 116, 600 $ 86,700\"- 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 1.0 Zdecimal places.) . Receivables turnover [beginning receivables at January 1, 2018, were $46,000}. [Round your answers to 2 decimal places} . Average days to collect accounts receivable. [Round your intermediate calculations to 2 decimal places and your nal answers to the nearest whole number.) . Inventory turnover [beginning inventory at January 1, 2018, was $141,000}. {Round your answers to 2 decimal places.) . Number of days to sell inventory. [Round your intermediate calculations to 2 decimal places and your nal answers to the nearest whole number} . Debt to assets ratio. {Round your answers to the nearest whole percent} . Debt to equity ratio. (Round your answers to 2 decimal places} . Number of times interest was earned. (Round your answers to 2 decimal places} . Plant assets to longterm debt. [Round your answers to 2 decimal places} . Net margin. [Round your answers to 2 decimal places] . Turnover of assets. [Round your answers to 2 decimal places} . Return on investment. [Round your answers to 2 decimal places.) . Return on equity. [Round your answers to 2 decimal places} . Earnings per share. [Round your answers to Zdecimal places} . Book value per share of common stock. [Round your answers to 2 decimal places} r. Price-earnings ratio [market price per share: 2018, $11.80; 2019, $12.60}. {Round your intermediate calculations and nal answer to 2 decimal places} 5. Dividend yield on common stock. (Round your answers to 2 decimal places} 09. noos-:...-.:r in... a. Working capital 135,000 130,000 b. Current ratio 1.34 1.35 C. Quick ratio 0.50 0.41 d. Receivables turnover 4.53 times 4.89 times e. Average days to collect accounts receivable days days f. Inventory turnover 0.92 times 0.81 times Average days to sell inventory days days h. Debt to assets ratio 57 % 54 % Debt to equity ratio 1.33 1.37: Number of times interest earned times times K. Plant assets to long-term debt Net margin % % m. Asset turnover n. Return on investment % % Return on equity %% P. Earnings per share per share per share 9- Book value per share per share per share r. Price-earnings ratio S. Dividend yield
