MUISTUT IIL. Comparative Balance Sheet December 31, 20Y2 and 2041 Dec. 31, 20Y2 Dec. 31, 2011 Assets Current assets Cash $ 1,070,800 1,774,460 Marketable securities $ 1,560,770 2,362,250 1,328,600 992,800 Accounts receivable (net) 1,248,300 Inventories 759,200 214,160 Prepaid expenses 295,278 Total current assets $ 6,539,698 $ 5,066,920 163,414 Long-term investments Property, plant, and equipment (net) 2,167,682 7,920,000 7,128,000 Total assets $ 16,627,380 $ 12,358,334 Liabilities Current liabilities $ 2,109,580 $ 1,846,134 Long-term liabilities Mortgage note payable, 8 % Bonds payable, 8 % $ 0 $ 2,970,000 3,630,000 3,630,000 $ 3,630,000 Total long-term liabilities Total liabilities $ 6,600,000 $8,709,580 $ 5,476,134 Stockholders' Equity Preferred $ 0.70 stock, $ 50 par Common stock, $ 10 par $ 1,000,000 1,140,000 Retained earnings $ 1,000,000 1,140,000 4,742,200 $ 6,882,200 $ 12,358,334 5,777,800 $ 7,917,800 $ 16,627,380 Total stockholders' equity Total liabilities and stockholders' equity Required: Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year. 1. Working capital $ 4,430,118 2. Current ratio 3. Quick ratio 3.1 2.50 5.3 4. Accounts receivable turnover 5. Number of days' sales in receivables days 6. Inventory turnover 7. Number of days' sales in inventory days 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield % MUISTUT IIL. Comparative Balance Sheet December 31, 20Y2 and 2041 Dec. 31, 20Y2 Dec. 31, 2011 Assets Current assets Cash $ 1,070,800 1,774,460 Marketable securities $ 1,560,770 2,362,250 1,328,600 992,800 Accounts receivable (net) 1,248,300 Inventories 759,200 214,160 Prepaid expenses 295,278 Total current assets $ 6,539,698 $ 5,066,920 163,414 Long-term investments Property, plant, and equipment (net) 2,167,682 7,920,000 7,128,000 Total assets $ 16,627,380 $ 12,358,334 Liabilities Current liabilities $ 2,109,580 $ 1,846,134 Long-term liabilities Mortgage note payable, 8 % Bonds payable, 8 % $ 0 $ 2,970,000 3,630,000 3,630,000 $ 3,630,000 Total long-term liabilities Total liabilities $ 6,600,000 $8,709,580 $ 5,476,134 Stockholders' Equity Preferred $ 0.70 stock, $ 50 par Common stock, $ 10 par $ 1,000,000 1,140,000 Retained earnings $ 1,000,000 1,140,000 4,742,200 $ 6,882,200 $ 12,358,334 5,777,800 $ 7,917,800 $ 16,627,380 Total stockholders' equity Total liabilities and stockholders' equity Required: Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year. 1. Working capital $ 4,430,118 2. Current ratio 3. Quick ratio 3.1 2.50 5.3 4. Accounts receivable turnover 5. Number of days' sales in receivables days 6. Inventory turnover 7. Number of days' sales in inventory days 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield %
