help

The financial statements for Armstrong and Blair companles for the current year are summarized Armstrong Company Blair Company statement of Financial Position cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Other non-current assets $ 36,000 30,000 205,000 170,000 95,000 $ 536,000 $ 32,000 40,000 35,000 500,000 328,909 $ 935,000 Total assets Current liabilities Long-term debt (10%) Share capital Contributed surplus Retained earnings Total liabilities and shareholders. equity Statement of Earnings Sales revenue (1/3 on credit) cost of sales Expenses (including interest and income tax) $ 125,000 94,000 180,000 40,000 97,000 $ 536,000 $ 44,000 86,800 600.000 130.000 75,000 $ 935,800 $ 550,000 (302,500) (187,000) $ 910,000 (455,00 (345,888 Selected data from the financial statements for the previous year follows: Armstrong company $ 30,000 82,000 94, 900 Blair Company $ 50,000 28,000 86,000 Accounts receivable (net) Inventory Long-term debt Other data: Share price year-end Income tax rate Dividends declared and paid Shares Outstanding $ 18 30% 46,900 15,900 15 30% $250,000 50,090 $ The companles are in the same line of business and are direct competitors in a large metropolit approximately ten years, and each has had steady growth. The management of each has a difts Company is more conservative, and as its president sald, We avold what we consider to be und held. Armstrong Company has an annual audit by an Independent auditor, but Blair Company de Required: 1. Complete a schedule that reflects a ratio analysis of each company. Use ending balances la calculations and final answers to 2 decimal places. Requlred: 4. Complete a schedule that reflects a ratio analysis of each company. Use ending balances If average be (Round Intermedlate calculations and final answers to 2 decimal places.) HINT: To calculate Current Ratio, you will need to first calculate the total Current Assets. Ratio Armstrong Company Blair Company Profitability ratios: Gross profit percentage Profit margin % % % %6 Earnings per share per share per share Asser tumover ratios: Fixed Asset turnover times times Receivables turnover times times times times Inventory turnover Liquidity ratios Current ratio Price learnings ratio idi 20 096 The financial statements for Armstrong and Blair companles for the current year are summarized Armstrong Company Blair Company statement of Financial Position cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Other non-current assets $ 36,000 30,000 205,000 170,000 95,000 $ 536,000 $ 32,000 40,000 35,000 500,000 328,909 $ 935,000 Total assets Current liabilities Long-term debt (10%) Share capital Contributed surplus Retained earnings Total liabilities and shareholders. equity Statement of Earnings Sales revenue (1/3 on credit) cost of sales Expenses (including interest and income tax) $ 125,000 94,000 180,000 40,000 97,000 $ 536,000 $ 44,000 86,800 600.000 130.000 75,000 $ 935,800 $ 550,000 (302,500) (187,000) $ 910,000 (455,00 (345,888 Selected data from the financial statements for the previous year follows: Armstrong company $ 30,000 82,000 94, 900 Blair Company $ 50,000 28,000 86,000 Accounts receivable (net) Inventory Long-term debt Other data: Share price year-end Income tax rate Dividends declared and paid Shares Outstanding $ 18 30% 46,900 15,900 15 30% $250,000 50,090 $ The companles are in the same line of business and are direct competitors in a large metropolit approximately ten years, and each has had steady growth. The management of each has a difts Company is more conservative, and as its president sald, We avold what we consider to be und held. Armstrong Company has an annual audit by an Independent auditor, but Blair Company de Required: 1. Complete a schedule that reflects a ratio analysis of each company. Use ending balances la calculations and final answers to 2 decimal places. Requlred: 4. Complete a schedule that reflects a ratio analysis of each company. Use ending balances If average be (Round Intermedlate calculations and final answers to 2 decimal places.) HINT: To calculate Current Ratio, you will need to first calculate the total Current Assets. Ratio Armstrong Company Blair Company Profitability ratios: Gross profit percentage Profit margin % % % %6 Earnings per share per share per share Asser tumover ratios: Fixed Asset turnover times times Receivables turnover times times times times Inventory turnover Liquidity ratios Current ratio Price learnings ratio idi 20 096