Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help calculating all these ratios, it is a practice run and would appreciate if someone can send me all the work & answers to

Need help calculating all these ratios, it is a practice run and would appreciate if someone can send me all the work & answers to see how these are done. image text in transcribed

Him; Clearly Maud show fgrmulg " v"""i:'iu s an the gag; of gcse two gages of your ' ' First Star --.-.----- 1 Current Ratio t 2. Acid-test ratio ' 3. Inventory turnover 4. Accounts receivable turnover 5. Times-interest-earned ratio 6. Dividend pay-out ratio 7. Return on total assets 8. Return on common stockholders' equity 9. Earnings per share of common stock 10. PriceEamings ratio 11. Book value per share of common stock 12. Debt to equity ratio r r .. 13. Dividend yield ratio ' (Cl-ru, gil, 2 limitations of ratio anal isisComparatiye financial statement data for First Star Inc. , and Longing Corp. are as follows: ' Income Statement for current year First Star Lonain Net Sales (all on credit) 5497, 000 5371 030 Cost of Goods. Sold v 258, 000 209'E 000 Gross I'rofit . 239, 000 162, 000 ' Operating Expenses, 120, 000 102, 000 7 Income from Operations 109, ODO . 60 000 ' Interest Expense v 19, 000 I 0 Income Before Taxes Income Tax Expense Net Income 60, 000 Balance Sheet at Cash 7 K, . short-term InvestmentsCQgum : Accounts Receivable, net Inventories Prepaid Expenses ' Total Current Assets Property, Plaqt & Equip. , net Total Assets . Total Current Liabilities Total Long-term Liabilities Total Liabilities Common Stock, 52. 50 par. $l.OO par Retained Earnings . Total Stockholders' Equity Total Liabilities. & St . Eq. Other Data: ' Accounts Receivable - betting} 9 Inventories - eginning ' Total Assets- eginning Total Stockholders 13qu I Market Price per Shaw Dividends Paid Per Income Tax Rates ' .' "lu: "MW OL/{S'k'm /

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting with International Financial Reporting Standards

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

4th edition

1119504309, 1-119-50340-8, 9781119503408 , 978-1119504306

More Books

Students also viewed these Accounting questions

Question

Explain the process of Human Resource Planning.

Answered: 1 week ago

Question

2. Information that comes most readily to mind (availability).

Answered: 1 week ago