HITUS Solved: Classic Prepare A Com https://s3.ama. (51 NFL Week 1 ACC141 OM2 Managerial Accounting Homework: Assignment 4 - Chap 14 - ratio analysis Score: 0 of 1 pt 9 of 13 (6 complete) P14-37A (book/static) Comparative financial statement data of Tennyson, Inc., follow. (Click the icon to view the income statements.) (Click the icon to view the balance sheets.) 1. Market price of Tennyson's common stock: $43.51 at December 31, 2017, and $31.36 at December 31, 2016 2. Common shares outstanding: 11,000,000 during 2017 and 11,000,000 during 2016 3. All sales are credit sales Read the requirements Requirement 1. Compute the following ratios for 2017 and 2016. (Round all ratios to two decimal places.) 2017 2016 a. Current ratio k the icon to view the balance sheets) ber 31, 2017, 0 Income statements 1,000,000 durin - X (Round all ratio 2016 Tennyson, Inc. Comparative Income Statements For the Years Ended December 31, 2017 and 2016 (amounts in thousands) 2017 2016 Sales revenues $ 445,910 $ 425,080 Less: Cost of goods sold 236,000 224,000 Gross profit $ 209,910 $ 201.080 Less: Operating expenses 132.000 128.000 Operating income $ 77.910 $ 73,080 Less: Interest expense 10,600 11,600 Income before income taxes $ 67,310 S 61.480 Les Income tax expense 18.860 19.630 Net income $ 48,450 $ 41,850 Print Done ok Answer Clear A 860 S 4 & 5 6 7 8 9 0 R . Y U 9 of 13 (6 complete) Balance sheets Tennyson, Inc. Comparative Balance Sheets December 31, 2017 and 2016 (amounts in thousands) 2017 Assets 2016 2015" Current assets: $ 99,000 Cash Accounts receivable Inventory 98,000 $ 118,500 132,000 13,500 114,500 $ 103,500 163,000 $ 157,000 8,500 Prepaid expenses Total current assets Property, plant, and equipment, net $ 362,000 $ 385,000 205,000 174,000 $ 567.000 $ 559,000 Total assets Liabilities Current liabilities Long-term abilities Total liabilities Stockholders' equity $ 100,000 $ 220,000 157.000 139,000 $ 339,000 $377.000 Print Done MacBook Air OOD FS 8 ap 14 - ratio analysis 9 of 13 (6 complete) Balance sheets UUTO. Cash $ 98,000 $ Accounts receivable 118,500 99,000 114,500 $ 103,500 163,000 $ 157,000 - 8,500 Inventory 132,000 13,500 Prepaid expenses Total current assets $ 362,000 $ 385,000 205,000 174,000 Property, plant, and equipment, net $ 567,000 $ 559,000 $ 200,000 $ 220,000 139,000 157.000 Total assets Liabilities Current liabilities Long-term liabilities Total liabilities Stockholders' equity Preferred stock, 7% Total common stockholders' equity Total stockholders' equity $ 339,000 $ 377,000 $ 95,000 $ 95.000 133,000 87,000 $ 133,000 $ 220,000 $ 182,000 $ 567,000 $ 559,000 Total liabilities and equity Selected 2015 amounts swer Print Done F4 F5 8
