Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help needed woth A-S Problem 13-24A (Algo) Ratio analysis LO 13-2, 13-3, 13-4, 13-5 JORDAN COMPANY Statements of Income and Retained Earnings For the Years

help needed woth A-S
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Problem 13-24A (Algo) Ratio analysis LO 13-2, 13-3, 13-4, 13-5 JORDAN COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 Required Calculate the following ratios for Year 4 and Year 3 . Since Year 2 numbers are not presented do not use averages when calculating the ratios for Year 3 . Instead, use the number presented on the Year 3 balance sheet. a. Working capital. b. Current ratio. (Round your answers to 2 decimal places.) c. Quick ratio. (Round your answers to 2 decimal places.) d. Recelvables turnover (beginning recelvables at January 1, Year 3, were $43,000 ). (Round your answers to 2 decimal places.) e. Average days to collect accounts recelvable. (Use 365 days in a year. Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.) f. Inventory turnover (beginning inventory at January 1, Year 3, was $149.000 ). (Round your answers to 2 decimal places.) g. Number of days to sell inventory. (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.) 1. Debt-to-equity ratio. (Round your answers to 2 decimal places.) j. Number of times interest was earned. (Round your answers to 2 decimal places.) k. Plant assets to long-term debt. (Round your answers to 2 decimal places.) I. Net margin. (Round your answers to 2 decimal places.) m. Tumover of assets (average total assets in Year 3 is $519,400 ). (Round your answers to 2 decimal places.) n. Return on investment (average total assets in Year 3 is $519,400 ). (Round your answers to 2 decimal places.) o. Return on equity (average stockholders' equity in Year 3 is $287,600 ). (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 per share of common stock. (Round your answers to 2 decimal places.) r. Price-earnings ratio (market price per share: Year 3. \$12.20; Year 4, \$13.40). (Round your intermediate calculations and final answer to 2 decimal places.) s. Dividend yield on common stock: (Round your answers to 2 decimal places.)

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions