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Gueda Corporation's most recent balance sheet and income statement appear below: Dividends on common stock during year 2 totaled $40,000. Dividends on preferred stock totaled
Gueda Corporation's most recent balance sheet and income statement appear below:
Dividends on common stock during year 2 totaled $40,000. Dividends on preferred stock totaled $10,000. The market price of common stock at the end of year 2 was $5.22 per share.
Compute:
a. Gross Margin % = GM/Net sales 41%
b. Earnings per share (of common stock) NI-Dividends / Avg oustanding shares
c. Price-earnings ratio
d. Dividend payout ratio
e. Dividend yield ratio
f. Return on total assests
g. Return on common stockholders' equity
h. Book value per share
Statement of Financial Position | |||
Dec 31, Year 2 and 1 | |||
Assets | Year 2 | Year 1 | |
CA | Cash | $ 80,000.00 | $ 19,000.00 |
AR | $ 160,000.00 | $ 140,000.00 | |
Inventory | $ 210,000.00 | $ 190,000.00 | |
PP Exp | $ 50,000.00 | $ 60,000.00 | |
TTL CA | $ 500,000.00 | $ 580,000.00 | |
Plant & Equip | $ 1,080,000.00 | $ 990,000.00 | |
Total Assets | $ 1,580,000.00 | $ 1,570,000.00 | |
Liabilities & Stockholders equity | |||
CL: | AP | $ 120,000.00 | $ 140,000.00 |
Acc Liab | $ 90,000.00 | $ 90,000.00 | |
Notes payable | $ 80,000.00 | $ 80,000.00 | |
Ttl Curr Liab | $ 290,000.00 | $ 310,000.00 | |
Bonds payable | $ 280,000.00 | $ 300,000.00 | |
Ttl Liabilities | $ 570,000.00 | $ 610,000.00 | |
Stockholders' equity | |||
Preferred stock | $ 200,000.00 | $ 200,000.00 | |
Common Stock | $ 400,000.00 | $ 400,000.00 | |
Add pdin cap comm stock | $ 110,000.00 | $ 110,000.00 | |
RE | $ 300,000.00 | $ 250,000.00 | |
Total Stockholders equity | $ 1,010,000.00 | $ 960,000.00 | |
Total Liab & stockholder equity | $ 1,580,000.00 | $ 1,570,000.00 | |
Income Statement | |||
Year End Dec 31, Year 2 | |||
Sales (all on account) | $ 1,310,000.00 | ||
cost of good sold | $ 770,000.00 | ||
Gross margin | $ 540,000.00 | ||
Selling and admin exp | $ 360,000.00 | ||
Net Operating Income | $ 180,000.00 | ||
Interest Expense | $ 37,000.00 | ||
Net Income before taxes | $ 143,000.00 | ||
Income taxes (30%) | $ 43,000.00 | ||
Net Income | $ 100,000.00 |
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