Please help me with solution for P2-9; P2-10 a, b, c; P2-13 a, b, c

PART ONE Introduction to Managerial Finance P2-13 Liquidity management Bauman Company's total current assets, total current liabil LG (w ities, and inventory for each of the past 4 years follow: 2008 2009 Item 2006 2007 $22,500 $27,000 Total current assets $16,950 $21,900 12,600 12,600 17,400 Total current liabilities 9,000 6,000 6,900 6,900 7,200 Inventory a. Calculate the firm's current and quick ratios for each year. Compare the resulting time series for these measures of liquidity. b. Comment on the firm's liquidity over the 2006-2009 period. c. If you were told that Bauman Company's inventory turnover for each year in the 2006-2009 period and the industry averages were as follows, would this infor- mation support or conflict with your evaluation in part b? Why? Inventory turnover 2006 2007 2008 2009 Bauman Company 6.3 6.8 7.0 6.4 segos Label Industry average 10.6 11.2 10.8 11.0 PERSONAL FINANCE PROBLEM w P2-14 Liquidity ratio Josh Smith has compiled some of his personal financial data in order to determine his liquidity position. The data are as follows. Account Amount Cash Marketable securities $3,200 Checking account 1,000 Credit card payables 800 Short-term notes payable 1,200 900 a. Calculate Josh's liquidity ratio. b. Several of Josh's friends have told him that they have liquidity ratios of P2-15 Inventory 1.8. How would you analyze Josh's liquidity relativepreciation Buildings 265 225 Marketable securities Cash 215 Notes payable 475 Common stock (at par) 90 Paid-in capital in excess Cost of goods sold 2,500 of par 360 Depreciation expense Preferred stock 100 oldproclama ni about Equipment 140 Retained earnings 210 Furniture and fixtures 170 Sales revenue 3,600 smroom men or to sonal General expense 600 bore 320 Vehicles gon off to sonsled offs bareoval bre 090 0028 gaston abuservib bree PERSONAL FINANCE PROBLEM P2-7 Balance sheet preparation Adam and Arin Adams have collected their personal asset and liability information and have asked you to put together a balance sheet as upat 9No of December 31, 2009. The following information is received from the Adams family. Cash 300 Retirement funds, IRA $ 2,000 Checking 3,000 2008 Sebring 15,000 Savings 1,200 2007 Jeep 8,000 IBM stock 2,000 Money market funds 1,200 Auto loan 8,000 Jewelry & artwork 3,000 Mortgage 100,000 Net worth 76,500 Medical bills payable 250 Household furnishings 4,200 Utility bills payable 150 Credit card balance 2,000 Real estate 150,000 Personal loan 3,000 a. Create a personal balance sheet as of December 31, 2009. It should be similar to inso benicion & daw COOS ng a corporate balance sheet. moleszef Toric 600, b. What must the total assets of the Adams family be equal to by December 31, bro-aspy IA 2boubivi 2009? eads 000,06 / Led dec. What was their net working capital (NWC) for the year? (Hint: NWC is the difference between total liquid assets and total current liabilities.) P2-8 Impact of net income on a firm's balance sheet Conrad Air.Total assets a. Conrad paid no dividends during the year and inves . Conrad paid dividends totaling $500,000 and used the balance of the net income securities. ". Conrad paid dividends totaling $500,000 and invested the balance of the net to retire (pay off) long-term debt. income in building a new hangar. d. Conrad paid out all $1,365,000 as dividends to its stockholders. P2-9 Initial sale price of common stock Beck Corporation has one issue of preferred LG stock and one issue of common stock outstanding. Given Beck's stockholders' equity account that follows, determine the original price per share at which the firm sold its single issue of common stock. Stockholders' equity ($000) Preferred stock $ 125 Common stock ($0.75 par, 300,000 shares outstanding) 225 Paid-in capital in excess of par on common stock 2,625 Retained earnings 900 Total stockholders' equity $3,875 P2-10 Statement of retained earnings Hayes Enterprises began 2009 with a retained earn- ings balance of $928,000. During 2009, the firm earned $377,000 after taxes. From this amount, preferred stockholders were paid $47,000 in dividends. At year-end 2009, the firm's retained earnings totaled $1,048,000. The firm had 140,000 shares of common stock outstanding during 2009. a. Prepare a statement of retained earnings for the year ended December 31, 2009, dividends paid in 2009.) for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash b. Calculate the firm's 2009 earnings per share (EPS). 2009? c. How large a per-share cash dividend did the firm pay on common stock during