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Please Answer Quickly, All parts thank you! Coriparative financial statement data of Dangerfield, Inc. follow: (CSick the icon to vigw the additional financial information.) (Click
Please Answer Quickly, All parts thank you!
Coriparative financial statement data of Dangerfield, Inc. follow: (CSick the icon to vigw the additional financial information.) (Click the icon to viow the income statement.) (Cick the icon to view the balance sheet.) Read the requirements. Requirement 1a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compule the current ratio Current ratio = Total current assets - Total current liabilities: Now, compute the current ratios for 2024 and 2023. (Rotind your answers to twro decimal places, X0 ). Income Statement Income Statement Dangerfield, Inc. Comparative Balance Sheet December 31,2024 and 2023 202420232022 Assets Current Assets: Cash \begin{tabular}{rrr} $92,000$ & 91,000 \\ 108,000 & 114,000$106,000 \\ 143,000 & 160,000 & 202,000 \\ 16,000 & 7,000 \\ \hline 359,000 & 372,000 \end{tabular} Balance Sheet Additional Financial Information 1. Market price of Dangerfield's common stock: $60.90 at December 31, 2024, and $33.41 at December 31, 2023. 2. Common shares outstanding. 14,000 on December 31, 2024 and 12,000 on December 31, 2023 and 2022. 3. All sales are on credit. Requirements 1. Compute the following ratios for 2024 and 2023 : a. Current ratio b. Cash ratio c. Times-interest-earned ratio d. Inventory turnover e. Gross profit percentage f. Debt to equity ratio g. Rate of return on common stockholders' equity h. Earnings per share of common stock i. Pricelearnings ratio 2. Decide (a) whether Dangerfield's ability to pay debts and to sell inventory improved or deteriorated during 2024 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased Step by Step Solution
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