MT. MRC 2126 ATa Ch. 12 Question 2 Correct Mark 1.00 out of 1.00 Ratios Compared with Industry Averages Packard Plastics, Inc, manufactures various plastic and synthetic products. Financial statement dats for the firm follow: 2013 (Thousands of Dollars, Except Earnings per Share] sales revenue 1978,000 Cost of goods sold 648,000 Net Income Dividends 16 800 Earnings par share 4.04 Jackand Plastics, Inc. Balance Sheets Thousands of Dollars Doc. 31, 2013 Doc. 31, 2012 Cash $4,920 $2.700 Accounts receivable ineck 80,280 60,900 nvancory 177,600 140,000 Total Current Assets 219,000 203,800 Part assets (not) 215,000 194,000 Other assets 5,300 3,900 Total Assets 5439.300 $401,900 Liabilities and Stockholders Equity Notes payabis-banks 137,200 $26,000 Accounts payable 33,120 23,000 Accrued Tabilities 30,120 24,800 Total Current Liabilities 83.700 72,800 106 Bonds payable 150,000 190,000 Total Liabilities 233,700 272,800 Common stock, $10 par value (12 500,000 snares) 125,090 125,000 Retained earnings 80,800 53,700 Total Stockholders' Equip 205,800 178,700 Total Wabilities and Stockholders Equity $439,300 $401,900 Required a. Using the given data, calculate in 1 through 8 below for 2013 for Packard Plastics, Inc. Round all answers to two decimal places. Median Ratios for Manufacturers of Plastic and Ratios for Synthetic Products Packard Plastics 1. quick ratio: 1.20 1.02 2. Current ratio. 1.90 2 62 V 3. Accounts Receivable Turnover 7.90 4. Inventory turnover: 7.80 3. Dabe-co-equity ratio: 0.95 E. Gross profit percentage 82.70 7: 33 74 v 7. Return on sales 3.50 5% 8. Return on assets 6.30 9% 14.41 D. Calculate the dividends paid per share of common stock. (Note: Number of shares shown on balance sheet is not shown in thousands. The number of shares "in thousands" is 12,500. Round answers to two decimal places 9 1 34 What was the dividend payout ratio? 33.17 c. If the most recent price per share of common stock is $49.75, what is the price-earnings ratio? Round answers to two decimal places 12 31