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he following financial statements apply to Baird Company 2819 2818 Revenues Net sales Other revenues $211,20e 8,700 $176,6ee 5,180 181,700 219,900 Total revenues Expenses Cost of goods sold Selling expenses General and adeinistrative expenses Interest expense Income tax expenser 1e2,900 17,280 9,88e 8, 88e 2.900 125,8ee 19,200 2.90e 19,40e 16,900 177,1ee 148, 7ee Total expenses $ 33,0e0 $ 42,80e Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders Equity Liabilities Current liabilities Accounts payable Other S 7,8ee 2,6ee 30,900 95,ee 3,6e0 S 5,7ee 2,600 35,800 101, 300 4,6e0 15e,0ee 1e5.400 139,90 1es, 4e 21,400 $276,800 $245, 300 S 4e,e0e 16, 30e 56, 3ee 64,eee S 54,300 15, 70 7e,e00 65,00 Total current liabilities Bonds payable 12e, 3ee 135,000 Total 1iabilities Stockholders' equity Conmon stock (5e, eee shares) Retained earnings Total stockholders equity Total 1iabilities and stockholders' equity 114,000 (3, 700) 110, 30 114,000 42.5e0 156,500 $245, 300 $276,800 Required Calculate the following ratios for 2018 and 2019. Since 2017 numbers are not presented, do not use averages when calculating the ratios for 2018. Instead, use the number presented on the 2018 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. Eanings per share. (Round your answers to 2 decimal places.) e. Price-earnings ratio (market prices at the end of 2018 and 2019 were $6.12 and $4.97, respectively). (Round your Intermedlate calculations and final answers to 2 decimal places.) t 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 piaces.) h. Working capital. L Current ratio. (Round your answers to 2 declmal places.) J.Quick (acid-test) ratio. (Round your answers to 2 declimal places.) k. Accounts receivable turnover (Round your answers to 2 decimal places) L, Inventory tunover. (Round your answers to 2 decimal places.) m. Debt to equity ratio. (Round your answers to 2 decimal places.) Other 15,7ee 7e, eee 16,300 Total current 1iabilities 56, 3ee 64,0ee Bonds payable 65,eee Total liabi1ities Stockholders' equity Common stock (se, eee shares) Retained earnings Total stockholders equity Total 1iabilities and stockholders equity 12e, 30e 135,00e 114,000 42,5ee 114,000 (3,700) 156, see $276,800 110, 3ee $245, 100 Required Calculate the following ratios for 2018 and 2019. Since 2017 numbers are not presented, do not use averages when ratios for 2018. Instead, use the number presented on the 2018 balance sheet calculating the 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 declmal places.) d. Earnings per share. (Round your answers to 2 declmal places.) e. Price-earnings ratio (market prices at the end of 2018 and 2019 were $6.12 and $4.97, respectively). (Round your Intermediate calculations and final answers to 2 decimal places.) t 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. L Current ratio. (Round your answers to 2 decimal places.) J.Quick (acid-test) ratio. (Round your answers to 2 declmal 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 declmal places.) n. Debt to assets ratio. (Round your answers to the nearest whole percent.) 2019 2018 a Net margin b. Return on investment e Retum on equity 9% 9% d Eamings per share Price-earnings ratio times times t Book value g Interest eamed |times times h Working captal LCurent ratio- iQuick (acid-test) ratio k Accounts receivable turnover L Inventory tumover times times times times m Debt to equity ratio n.Debt to assets ratio 9%
