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Problem 13-23A (Algo) Ratio analysis LO 13-2, 13-3, 13-4, 13-5 The following financial statements apply to Jordan Company: Year 2 Year 1 Revenues $ 220,500 $ 181,400 Expenses Cost of goods sold 124,700 101,400 Selling expenses General and administrative expenses 20,600 18,600 9,500 8,500 Interest expense 2,700 2,700 Income tax expense 19,600 17,500 Total expenses 177,100 148, 700 Net income $ 43,400 $ 32,700 Assets Current assets Cash 4,400 $ 6,200 Marketable securities 1,300 1,300 Accounts receivable 35,800 31,700 Inventories 100,300 94,800 Prepaid expenses 3,500 2,500 Total current assets 145,300 136,500 Plant and equipment (net) 105,500 105,500 Intangibles 20,800 Total assets $ 271,600 $ 242,000 Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable $ 40,000 $ 35, 100 Other 16,400 15,200 Total current liabilities 56,400 50, 300 Bonds payable 65,780 66,700 son 117 Ann Che LUTER USUALLLLES Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (42,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 40,000 16,400 56,400 65,780 122, 100 $ 35, 100 15,200 50, 300 66,700 117, 080 114,900 114,900 34,600 10, 100 149,500 125,000 $ 271,688 $ 242,800 Required Calculate the following ratios for Year 1 and Year 2. Since opening balance numbers are not presented do not use averages when calculating the ratios for Year 1. Instead, use the number presented on the Year 1 balance sheet. a. Net margin. (Round your answers to 2 decimal places.) b. Return on investment. (Round your answers to 2 decimal places.) c. Return on equity. (Round your answers to 2 decimal places.) d. Earnings per share. (Round your answers to 2 decimal places.) e. Price-earnings ratio (market prices at the end of Year 1 and Year 2 were $6.02 and $4.85, respectively). (Round your intermediate calculations and final answers to 2 decimal places.) f. Book value per share of common stock. (Round your answers to 2 decimal places.) g. Times interest earned. Exclude extraordinary income in the calculation as they cannot be expected to recur and therefore, will not be available to satisfy future interest payments. (Round your answers to 2 decimal places.) h. Working capital 1. Current ratio. (Round your answers to 2 decimal places.) j. Quick (acid-test) ratio (Round your answers to 2 decimal places.) k. Accounts receivable turnover. (Round your answers to 2 decimal places.) I. Inventory turnover (Round your answers to 2 decimal places.) m. Debt-to-equity ratio (Round your answers to 2 decimal places.) n. Debt-to-assets ratio. (Round your answers to the nearest whole percent.) 4 of 5 BE