Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

only missing questions: 5, 7, 12, 14 & 15 Nineteen measures of solvency and profitability The comparative financial statements of Macallan Inc. are as follows.

only missing questions:
5, 7, 12, 14 & 15
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Nineteen measures of solvency and profitability The comparative financial statements of Macallan Inc. are as follows. The market price of Macallan Inc. common stock was $25 on December 31, 20Y2. Macallan inc. Comparative income Statement For the years ended December 31, 20Y2 and 20Y1 Macallan inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Dec.31, 20r2 Dec. 31, 20Y1 Assets Current assets: Cash.................. Temporary investments. Accounts receivable (net) Inventories . Prepaid expenses. Total current assets. Long-term investments. Property, plant, and equipment (net) Total assets. Liabilities Current liabilities. Long-term liabilities: Mortgage note payable. 12\%. due 207 Bonds payable, 11\%, due 20Y9 Total long-term liabilities Total liabilities Stockholders' Equity Preferred $2.00 stock, $100 par. Common stock, $5 par. Retained earnings. Total stockholders' equity. Total liabilities and stockholders' equity Instructions Determine the following measures, rounding to one decimal place: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Number of times interest charges earned 11. Number of times preferred dividends earned 12. Ratio of net sales to assets 13. Rate earned on total assets 14. Rate earned on stockholders' equity 15. Rate earned on common stockholders' equity 16. Earnings per share on common stock 17. Price-earnings ratio 18. Dividends per share of common stock 19. Dividend yield Current 1. Working capital: \begin{tabular}{l|l} Liabilities \\ $770,000 & $2,238,100 \\ \hline \end{tabular} Ratio Numbrater 2. Current ratio 3. Quick ratio 4. Accounts receivable tumover 9.000 .000 5. Number of days' sales in receivabies 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 6,450,020 2,700,000 9. Ratio of liabilties to stockholders' equily 10. Number of times interest charges eamed 11. Number of times preferred dividends earned 12. Ratio of net sales to assets 13. Rate eamed on total assets 14. Return on stockholders' equity 15. Return on cammon stockholders' equity 817,000 16. Earnings per share on common stock 17. Price-eamings ratio 17. Price eamings ratio 18. Dividends per share of common stock 19. Dividend yiald \begin{tabular}{|c|c|} \hline 817.000 & 600.000 \\ \hline 25 & 1,36 \\ \hline 150,000 & \\ \hline 0.25 & 600.000 \\ \hline \end{tabular}

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

Access Audit Handbook

Authors: (CAE) Centre For Accessible Environments

2013th Edition

1859464920, 978-1859464922

More Books

Students also viewed these Accounting questions

Question

Different types of Grading?

Answered: 1 week ago

Question

Explain the functions of financial management.

Answered: 1 week ago

Question

HOW MANY TOTAL WORLD WAR?

Answered: 1 week ago

Question

Discuss the scope of financial management.

Answered: 1 week ago

Question

6. How do histories influence the process of identity formation?

Answered: 1 week ago