Luiz Saved Help The December 31, Year 4, balance sheet for Campbell Corporation is presented here. These are the only accounts on Campbell's balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information: CAMPBELL CORPORATION Balance Sheet As of December 31, Year 4 Assets Cash $ 20,000 Accounts receivable (net) Inventory Property, plant, and equipment (net) 310,000 $450,000 Liabilities and Stockholders' Equity Accounts payable (trade) Income taxes payable (current) 20,000 Long term debt Common stock 316,000 Retained earnings $ ? ? ? $ 2 2 1.4 to 1.0 60% Additional Information current ratio (at year end) Total liabilities Total stockholders' equity Gross margin percent Inventory turnover (Cost of goods sold - Ending inventory) Gross margin for Year 4 3ox 11.2 times $315,000 Prey 1 of 2 Next >
Saved Help Save 6 LA LLULLLLS LLULAULU YULY Gross margin percent Inventory turnover (Cost of goods sold + Ending inventory) Gross margin for Year 4 UVA 30% 11.2 times $315,000 Required a. Compute the balance in trade accounts payable as of December 31, Year 4. b. Compute the balance in retained earnings as of December 31, Year 4. c. Compute the balance in the inventory account as of December 31, Year 4. (Assume that the level of inventory did not change from last year.) (For all requirements, negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) b a Accounts payable Retained earrings c. Inventory During Year 3. Stuart Corporation reported after-tax net income of $3,560,000. During the year, the number of shares of stock outstanding remained constant at 9,880 of $100 par, 9 percent preferred stock and 397,000 shares of common stock. The company's total stockholders' equity is $19,800,000 at December 31, Year 3. Stuart Corporation's common stock was selling at $53 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.50 per share to common stockholders. Required a. Compute the earnings per share. (Round your answer to 2 decimal places.) b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.) c. Compute the price-earnings ratio. (Round intermediate calculations and final answer to 2 decimal places.) d. Compute the dividend yield. (Round your answer to 2 decimal places, (... 2345 should be entered as 23,45).) a. Eamings per share b Book value per share C Price earnings ratio d Dividend yield times %
