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Please help with Return on common stockholders equity and Price earnings ratio The following are three independent situations and a ratio that may be affected.
Please help with Return on common stockholders equity and Price earnings ratio
The following are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31,2022, and (2) as of December 31, 2023, after giving effect to the situation. (Round retum on cormmon stockholders' equily and price eomings ratio to 1 decimol place, eg 1.8 or 1.8%. Round diebe to assets ratlo and % change to 0 declmai places, eg. 25% if % change is a decrease show the numbers as nesgatlve, eg - 25% or (25) ) ) \& Change Additional information: 1. Inventory at the beginning of 2021 was $116,000. 2. Accounts receivable (net) at the beginning of 2021 were $88,000. 3. Total assets at the beginning of 2021 were $634,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on credit. IVANHOECOMPANY Income Statements For the Years Ended December 31Step by Step Solution
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