i need help with G and O
-For G 2018
its NOT 430 or 439
For G 2019
its NOT 352 or 342
-For O 2019
its NOT 11.21%or 7.93%or 5.85%
Financial statements for Fanning Company follow FANNING COMPANY Balance Sheets As of December 31 2018 2019 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total ourrent assets Investments Plant (net) Land $ 14,500 6,500 38,000 139.000 10.000 208.000 25.000 265,000 26.000 $ 18.500 20.500 46.000 131.000 25.000 241.000 32 000 280.000 31.000 $584.000 $524.000 Total assets Liabilities and Stockholders' Equity Liablities Curent liablities Notes payable Accounts payable Salaries payable Total current labilities Nonourent liabilities Bonds payable Other Total noncurent liabilities $ 19.200 78.800 26.000 124.000 $ 8,100 65.000 20,000 93,100 150.000 29.000 179,000 303.000 150.000 24,000 174.000 Total liabilities Stockholders' equity Prefered stock, (par value $10, 5% cumulative, non-participating: 8,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained eamings Total stockholders' equity 267,100 80.000 80.000 96.900 256,900 $524.000 80.000 80.000 121.000 281,000 $584,000 Total liabilities and stockholders' equity FANNING COMPANY Statements of Income and Retained Eamings For the Years Ended December 31 2019 2018 Revenues Sales (net) Other revenues $280,000 9,000 $260,000 6.000 289,000 266.000 Total revenues Expenses Cost of goods sold Selling. general, and administrative Interest expense Income tax expense 140.000 60,000 9,500 48.000 118,000 55,000 8,700 47.000 228,700 257,500 Total expenses Net eamings (net income) Retained eamings, January 1 Less: Prefered stock dividends Common stock dividends Retained eamings, December 31 31,500 96,900 4,000 3,400 $121,000 37,300 67,000 4.000 3.400 $ 96,900 Required Calculate the following ratios for 2019 and 2018. Since 2017 numbers are not presented, do not use averages when calculating the ratios for 2018. Instead, use the number presented on the 2018 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. Receivables turnover (beginning receivables at January 1, 2018, were $39,000). (Round your answers to 2 decimal places.) e. Average days to collect accounts receivable. (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, 2018, was $145,000). (Round your answers to 2 decimal places.) g. Number of days to sell inventory. (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.) i. 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. Turnover of assets. (Round your answers to 2 decimal places.) n. Return on investment. (Round your answers to 2 decimal places.) o. Return on equity. (Round your answers to 2 decimal places.) p. Earnings per share. (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: 2018, $12.00; 2019, $13.00). (Round your intermediate calculations and final answer to 2 decimal places.) s. Dividend yield on common stock. (Round your answers to 2 decimal places.) 2019 2018 a. Working capital b. Current ratio c. Quick ratio d. Receivables turnover times days times times e. Average days to collect accounts receivable f. Inventory tumover g. Average days to sell inventory h. Debt to assets ratio days times days days i. Debt to equity ratio i Number of times interest eamed times times k. Plant assets to long-term debt L.Net margin m. Asset tumover n. Return on investment o. Return on equity per share P. Eamings per share q. Book value per share per share per share per share r. Price-eamings ratio s. Dividend yield
