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I sent this problem before but answers F to L weren't included. Please help. P13-2A The comparative statements of Wahlberg Company are presented here pute
I sent this problem before but answers F to L weren't included. Please help.
P13-2A The comparative statements of Wahlberg Company are presented here pute ratios fro balance ts and income statements P WAHLBERG COMPANY Income Statements For the Years Ended December 31 2017 2016 $1,890 540 1,058,540 Net sales Cost of goods sold $1,750,500 1,006,000 744,500 479,000 Gross profit Selling and administrative expenses 832,000 500,000 Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense 332,000 265,500 22,000 20,000 310,000 92,000 245,500 73,000 S 172.500 Net income 218,000 WAHLBERG COMPANY Balance Sheets December 3 Assets 2017 2016 Current assets Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) S 64.200 50,000 102,800 60.100 74,000 117,800 126.000 115.500 332,500 520,300 377,900 649,000 Total assets $1,026,900 $852,800 693 Problems: Set A Liabilities and Stockholders' Equity 2017 2016 Current liabilities Accounts payable Income taxes payable 160,000 $145,400 42,000 43,500 Total current liabilities Bonds payable 203,500 187,400 200,000 220.000 Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 423,500 387,400 290,000 300,000 165,400 313,400 603,400 465,400 $1,026,900 $852,800 All sales were on account. Net cash provided by operating activities for 2017 was $220,000. Capital expenditures were $136,000, and cash dividends were $70,000 Instructions Compute the following ratios for 2017. (a) Earnings per share. (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover (D Average collection period. (g) Inventory turnover (h) Days in inventory () Times interest earned. () Asset turnover (k) Debt to assets ratio. D Free cash flow
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