P13-7 (Algo) Analyzing Financial Statements Using Ratios LO 13-4, 13-6, 13-8 The comparative financial statements for Prince Company are below: Year 2 Year 1 $208,000 116,500 91,500 57, 800 33,700 9,800 $ 23,900 $171,500 101,800 69, 700 53,900 15,800 4,900 $ 10,900 Income statement : Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet: Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (12% interest) Common stock ($8 par value, 3,975 shares outstanding) Retained earnings Total liabilities and stockholders' equity $ 5,800 14,900 41,800 47,700 $110,200 $ 16,900 45,900 31,800 15,600 $110,200 $ 7,900 18,900 34,900 39,800 $101,500 $ 17,900 45,900 31,800 5,900 $101,500 Assume that the stock price per share is $37 and that dividends in the amount of $8.00 per share were paid during Year 2. Compute the following ratios: (Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) Earnings per share Current ratio Quick ratio Cash ratio Price/earnings ratio Dividend yield ratio %