Financial statements for Zachary Company follow. BINCANG ht C RT A PLAN Da li | Total . TARE DE 130.B 9.00 - 10.000 Total titi INGRANTS sher Oh cousti Stride Gott wie Deguire Calche tollowing rates for a a. We capital 5. Curront Round your answer to 2 decimal places) 0. Round your answers to 3 decimal places) 4. Receive mover Beginning receivables at January Year, were 553.000 pound your answers 2 decimal aces 365 dana yo. Round your conto del Lentory over againywes SISADOO Pound you to de Nube do so se verton. Use 365 days in a year. Hound your intermediate calculations to 2 decimaces and your Enal answers to the nearest whole number . Deberto Round your answers to the area whole percent et to content Round your answers to 2 decimal places Nender of times feet was earned round your answers to 2 decillaces! Past og et Round your answers to 2 decimal places) Letargin (Round your answer to 2 decimal places) M. Tumore of assets were assess Year 3 5532.400, ond your answers to 2 decimal places t. Remover vegetain Year 35532.400 Round your answers 2 cocial place) a. Petronely love stockholderiauty VS. LOL Mound your answers to deal place Earnings per sanoolhas ning is unchanged and your answers to decimal places 4. Book value per share of cook. Round your answers to 2 decimales Price incarcat price per por: Year 512.20: Year 6.512.401. Mund your intermediate calculations and finanswer so 2 decimal places) ovdend yet contok Round your answers to 2 decimal places) Yurt - M15.00 VON By Det - Maran IP 152430 Raw ROUGE Dane og BOW room Pro BV BASER Financial statements for Zachary Company follow. ZACHARY COMPANY Balance Sheets As of December 31 Year 4 Year 3 $ 25,500 21,900 60,000 145,000 29.000 281,400 22,000 260,000 29,000 $592,400 $ 21,500 7,900 52,000 153,000 14,000 248,400 15,000 245,000 24,000 $532,400 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total asseto Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salarios payable Zotal current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock, (par value $10, 58 cumulative, non-participating: 9,000 shares authorized and issued) Common stock no par: 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 39,200 73,800 22,000 135,000 $ 10,800 60,000 16,000 86,800 110,000 25,000 135,000 270,000 110,000 20,000 130,000 216,800 90,000 90,000 142.400 322,400 $592,400 90,000 90,000 135,600 315,600 $532,400 Year 3 $400,000 8,800 408,800 2.ACHARY COMPANY Statements of Income and Retained Earninga For the Years Ended December 31 Year 4 Revenues Sales (net) $420,000 Other revenues 11,800 Total revenues 431,800 Expenses Coot of goods sold 210,000 Selling, general, and administrative 74,000 Interest expense 13,700 Income tax expense 110,000 Total expenses 415,700 Net earnings (net income) 16,100 Retained earnings, January 1 135,600 Less: Preferred stock dividends 4,500 Common stock dividendo 4,800 Retained earnings, December 31 $142,400 160,000 69,000 12,900 117,000 358,900 49,900 95,000 4,500 4,800 $135,600 Required Calculate the following ratios for Year 4 and Year 3. a. Working capital. b. Current ratio. (Round your answers to 2 decimal places.) c. Quick ratio. (Round your answers to 2 decimal places.) d. Receivables turnover (beginning receivables at January 1, Year 3, were $53,000). (Round your answers to 2 decimal places.) e. Average days to collect accounts receivable. (Use 365 days in a year. Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.) f. Inventory turnover (beginning inventory at January 1, Year 3, was $159,000). (Round your answers to 2 decimal places.) 9. Number of days to sell inventory. (Use 365 days in a year. Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.) h. Debt-to-assets ratio. (Round your answers to the nearest whole percent.) i. Debt-to-equity ratio. (Round your answers to 2 decimal places.) J. Number of times interest was earned. (Round your answers to 2 decimal places.) k. Plant assets to long-term debt. (Round your answers to 2 decimal places.) 1. Net margin. (Round your answers to 2 decimal places.) m. Turnover of assets (average total assets in Year 3 is $532,400). (Round your answers to 2 decimal places.) n. Return on investment (average total assets in Year 3 is $532,400). (Round your answers to 2 decimal places.) o. Return on equity (average stockholders' equity in Year 3 is $315,600). (Round your answers to 2 decimal places.) p. Earnings per share (total shares outstanding is unchanged). (Round your answers to 2 decimal places.) 4. Book value per share of common stock. (Round your answers to 2 decimal places.) T. Price-earnings ratio (market price per share: Year 3. $12.70; Year 4. $14.40). (Round your intermediate calculations and final answer to 2 decimal places.) s. Dividend yield on common stock. (Round your answers to 2 decimal places.) Year 4 Year 3 e times days times days % times days times days % 1. a. Working capital b. Current ratio c Quick ratio d. Receivables turnover (beginning receivables at January 1. Year 3. were $53,000) Average days to collect accounts receivable 1. Inventory turnover (beginning inventory at January 1. Year 3. was $159,000) g Number of days to sell inventory h. Debt-to-assets ratio Debt-to-equity ratio 1. Number of times interest was eamed k Plant assets to long-term debt 1. Net margin m. Turnover of assets (average total assets in Year 3 is $532.400) Return on investment (average total assets in Year 3 is $532,400) Return on equity (average stockholders' equity in Year 3 is $315,600) p. Earnings per share (total shares outstanding is unchanged) Book value per share of common stock Price-earnings ratio (market price per share: Year 3, $12.7: Year 4. $14.40) S Dividend yield on common stock times times % % n. % % 0 % % per share per share per share 9 per share r. % %
