Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i got all the question rigth but i need help on the earning per share; current ratio, acid test ratio and reciavable turn over Comparative
i got all the question rigth but i need help on the earning per share; current ratio, acid test ratio and reciavable turn over
Comparative financial statements for The Sunland Company Ltd. are shown below. \begin{tabular}{|c|c|c|} \hline Cash & $106,640 & $65,060 \\ \hline Accounts receivable & 117,075 & 104,397 \\ \hline Inventory & 135,060 & 116,550 \\ \hline Total current assets & 358,775 & 286,007 \\ \hline Property, plant, and equipment & 668,509 & 556,442 \\ \hline Total assets & $1,027,284 & $842,449 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Shareholders' Equity } \\ \hline \multicolumn{3}{|l|}{ Current liabilities } \\ \hline Accounts payable & $144,950 & $118,341 \\ \hline Income tax payable & 43,370 & 40,800 \\ \hline Current portion of mortgage payable & 10,110 & 21,770 \\ \hline Total current liabilities & 198,430 & 180,911 \\ \hline Mortgage payable & 106,280 & 187,600 \\ \hline Total liabilities & 304,710 & 368,511 \\ \hline \multicolumn{3}{|l|}{ Shareholders' equity } \\ \hline Common shares (51,650 issued in 2024; 55,830 in 2023) & 154,950 & 167,490 \\ \hline Retained earnings & 567,624 & 306,448 \\ \hline Total shareholders' equity & 722,574 & 473,938 \\ \hline Total liabilities and shareholders' equity & $1,027,284 & $842,449 \\ \hline \end{tabular} Calculate all possible liquidity, solvency, and profitability ratios for 2024. (Round answers for collection period, days sales in inventory, operating cycle and free cash flow to 0 decimal places, e.g. 125. Round answer for earnings per share to 2 decimal places, e.g. 12.56. Round all other answers to 1 decimal place, e.g. 12.5 or 12.5%. Use 365 days for calculation. Do not round intermediate calculations.) Chapter 18 Assignment Question 3 of 4 0.76/1 . Debt to total assets 29.6 % 9. Interest coverage 14.7 times 10. Free cash flow $176,339 Profitability_Ratios 11. Gross profit margin 12. Profit margin 13. Asset turnover 14. Return on assets 15. Return on shareholders' equity 16. Earnings per share 17. Payout ratio eTextbook and Media Save for Later Attempts: 1 of 3 used SubmitStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started