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help please For the Years Ended December 31, 20Y2 and 2041 2012 2011 Retained earnings, January 1 $5,375,000 $900,000 $4,545,000 $925,000 Net income Dividends: On
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For the Years Ended December 31, 20Y2 and 2041 2012 2011 Retained earnings, January 1 $5,375,000 $900,000 $4,545,000 $925,000 Net income Dividends: On preferred stock (45,000) (50,000) On common stock (45,000) (50,000) $830,000 $805,000 Increase in retained earnings Retained earnings, December 31 $6,180,000 $5,375,000 Stargel Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Sales $10,000,000 (5,350,000) $4,650,000 Cost of goods sold $9,400,000 (4,950,000) $4,450,000 $(1,880,000) (11 411 0001 Gross profit $(2,000,000 Selling expenses Ariministrative exnenses (1 500 000 $(3,500,000) $1,150,000 $(3,290,000) $1,160,000 Total operating expenses Operating income Other revenue and expense: Other revenue Other expense interest) Income before income tax expense Income tax expense Net income 150,000 (170,000) $1,130,000 (230,000) $900,000 140,000 (150,000) $1,150,000 (225,000) $925,000 Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 2012 2011 Assets Current assets: Cash $500,000 Marketable securities 1,010,000 $400,000 1,000,000 510,000 950,000 Accounts receivable (net) 740,000 Inventories 1,190,000 250,000 $3,690,000 229,000 $3,089,000 2,300,000 3,366,000 2,350,000 3,740,000 $9,780,000 $8,755,000 $900,000 $880,000 $200,000 $0 Prepaid expenses Total current assets Long term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities Long-term liabilities: Mortgage note payable, 10% Bonds payable, 10% Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.90 stock, $10 par Common stock, $5 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1,500,000 $1,700,000 1,500,000 $1,500,000 $2,380,000 $2,600,000 $500,000 $500,000 500,000 500,000 5,375,000 6,180,000 $7,180,000 $6,375,000 $9.780,000 $8,755,000 Required: Determine the following measures for 2092, rounding to one decimal pace, except for amounts which should be rounded to the nearest centure the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year, 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover days days 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in Inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest samed 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 96 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends her share of common stock Step by Step Solution
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