Hello, I have completed some of the following questions
1.Workingcapital
2.Currentratio
3.Quickratio
4.Accounts receivable turnover
5.Number of days' sales in receivables
6.Inventoryturnover
7.Number of days' sales in inventory
8.Ratio of fixed assets to long-term liabilities
9.Ratio of liabilities to stockholders' equity
10.Number of times interest charges earned
11.Number of times preferred dividends earned
12.Ratio of net sales to assets
13.Rate earned on total assets
14.Rate earned on stockholders' equity
15.Rate earned on common stockholders' equity
16.Earnings per share on common stock
17.Price-earningsratio
18.Dividends per share of common stock
19.Dividendyield
but I am having trouble with 11-19, can anyone help?
Blige Inc. Comparative Balance Sheet December 31, 2012 and 2011 Dec. 31, 2012 Dec. 31, 2011 Assets Current assets: Cash . . .. . . . ... ........ $ 528,000 $ 410,000 Temporary investments.. .. . . . . . 800,000 725,000 Accounts receivable (net) . . 425,000 400,000 Inventories . . . . . . . . . ... 310,000 240,000 Prepaid expenses . . ..... 100,000 75,000 Total current assets $2,163,000 $1,850,000 Long-term investments . . 633,000 560,000 Property, plant, and equipment (net) . ... .. . 3,146,750 2,150,000 Total assets . . . ... ... . . . . .. .. . $5,942,750 $4,560,000 Liabilities Current liabilities . . . . . . . . $ 720,000 $ 710,000 Long-term liabilities: Mortgage note payable, 8%, due 2017 $1,000,000 0 Bonds payable, 8%, due 2021 .. .. . . . . . . . . .. 1,200,000 1,200,000 Total long-term liabilities . . . . $2,200,000 $1,200,000 Total liabilities . . . . . . . . .. . .. . . . .. .. .. . . . . . ... $2,920,000 $1,910,000 Stockholders' Equity Preferred $0.80 stock, $20 par . . . $ 400,000 $ 400,000 Common stock, $10 par. . ... .. . 440,000 440,000 Retained earnings. . . . . . . . . . . 2,182,750 1,810,000 Total stockholders' equity. $3,022,750 $2,650,000 Total liabilities and stockholders' equity. $5,942,750 $4,560,000PR 15-4A Nineteen measures of liquidity, solvency, and profitability The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $60 on December 31, 2012. Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Retained earnings, January 1. . . . . . . . . . . $1,810,000 $1,526,000 Add net income for year . . .. 410,750 322,000 Total . $2,220,750 $1,848,000 Deduct dividends: On preferred stock . . .. . . . $ 16,000 $ 16,000 On common stock. . 22,000 22,000 Total . . . .. $ 38,000 $ 38,000 Retained earnings, December 31 . . . . . . .. $2,182,750 $1,810,000 Blige Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Sales . . . . . . . . . .. . .. .... ... ......... $2,211,000 $2,037,200 Sales returns and allowances. 11,000 7,200 Net sales. . . $2,200,000 $2,030,000 Cost of goods sold. . . .. . 825,000 811,200 Gross profit . . . $1,375,000 $1,218,800 Selling expenses $ 445,500 484,000 Administrative expenses. . 321,750 290,400 Total operating expenses $ 767,250 $ 774,400 Income from operations . $ 607,750 444,400 Other income . . . . 33,000 26,400 $ 640,750 $ 470,800 Other expense (interest) . . . . . . . . . 176,000 96,000 Income before income tax $ 464,750 $ 374,800 Income tax expense . . . . . 54,000 52,800 Net income . . . . . . .. . .... $ 410,750 $ 322,000
