P13-9A. Ratios Compared with Industry Averages Adams Plastics, Inc., manufactures various plastic and synthetic products. Financial statement data for the firm follow: 2019 (Thousands of Dollars, except Earnings per Share) $825,000 550,000 50,500 17,500 Sales revenue.. Cost of goods sold Net income Dividends Earmings per share. 4.04 ADAMS PLASTICS, INC. Balance Sheets (Thousands of Dollars) Assets Cash. Accounts receivable (net) Inventory Dec. 31, 2019 Dec. 31, 2018 $ 2,100 $ 2,700 60,900 140,000 Total current assets. 66,900 Plant assets (net) Other assets. 148,000 217,000 215,000 13,900 203,600 194,000 4,000 Total assets Liabilities and Stockholders' Equity $445,900 $401,600 Notes payable-banks. Accounts payable. Accrued liabilities $ 31,400 27,600 25,100 $ 25,000 23,000 Total current liabilities 10% bonds payable Total liabilities.. Common stock, $10 par value (12,500,000 shares). 24,800 84,100 72,800 150,000 150,000 234,100 222.800 Retained earnings 125,000 86,800 125,000 53,800 Total stockholders' equity 211,800 178,800 Total liabilities and stockholders' equity $445,900 $401,600 Required Using the given data, calculate items 1 through 8 below for 2019. Compare the performance of Adams Plastics, Inc., with the following industry averages and comment on its operations. Median Ratios for Manufacturers of Plastic and Synthetic Products 1.2 Quick ratio 1. 1.9 Current ratio 2 7.9 times 3 Inventory turnover. . Debt-to-equity ratio Gross profit percentage 7 Accounts receivable turnover 7.8 times 4. 0.95 32.7 percent 3.5 percent 5. 6, 6.3 ercent Return on sales Return on assets 8. b. Calculate the dividends paid per share of common stock. What was the dividend payout ratio? c. If the most recent price per share of common stock is $51.00, what is the price-earnings ratio? The dividend yield? auforly Data Quarterly data are presented below for Company A Inc which manufactures and sells