Please answer ALL questions. Took at ALL 7 photos and click on the photo if you have to.

1.)

8.) The following information pertains to Tanzi Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

9.)

10.)

13.)

14.)

16.) The following information pertains to Carlton Company. Assume that all balance sheet amounts represents end-of-period amounts. Assume that all sales were on credit.

Answers:

a.) 3.4%

b.) 1.0%

c.) 7.4%

d.) 9.8%

The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 2 Year 1 Total current assets $603,868 $592,953 Total investments 63,946 51,415 Total property, plant, and equipment 883,368 733,059 Total current liabilities 114,798 86,795 Total long-term liabilities 315,501 227,157 Preferred 9% stock, $100 par 85,738 85,738 Common stock, $10 par 570,567 570,567 Paid-in capital in excess of par-common stock 61,850 61,850 Retained earnings 402,728 345,320 Using the balance sheets for Kellman Company, if net income is $108,827 and interest expense is $31,310 for Year 2, what is the return on stockholders' equity for Year 2 (round percent to two decimal points)? Select the correct answer. 7.02% 9.57% 9.96% 7.90% Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets $39,021 26,447 38,101 212,519 $316,088 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and stockholders' equity $56,623 94,962 164,503 $316,088 Income Statement Sales Cost of goods sold Gross margin Operating expenses Net income $91,923 41,365 $50,558 22,171 $28,387 Number of shares of common stock 5,983 Market price of common stock $32 What is the current ratio for this company? Round your answer to two decimal places. Select the correct answer. 2.22 1.16 0.69 1.83 A company reports the following: Sales $1,142,085 Average accounts receivable (net) 76,650 Round your answers to one decimal place. Assume a 365-day year. a. Determine the accounts receivable turnover. b. Determine the number of days' sales in receivables. Determine the relationship of $291,920 to $105,504, expressed as a ratio. Select the correct answer. 0.7 to 1 2.8 to 1 0.6 to 1 0.4 to 1 A company reports the following: Net income $672,920 Preferred dividends $49,850 Shares of common stock outstanding 43,000 Market price per share of common stock $42.02 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent. A company reports the following: Cost of goods sold Average inventory $2,664,500 182,500 Round your answers to one decimal place. a. Determine the inventory turnover. Assume a 365-day year. b. Determine the number of days' sales in inventory. Assume a 365-day year. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets $44,890 25,722 34,892 223,516 $329,020 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity $56,129 97,892 174,999 $329,020 Income Statement Net Sales Cost of goods sold Gross margin Operating expenses Net income from operations Interest expense Net income $88,117 35,247 52,870 28,367 $24,503 4,406 $20,097 Number of shares of common stock Market price of common stock Total dividends paid Cash provided by operations What is the return on total assets for this company? 6,342 $31 $9,000 $30,000 Select the correct