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PLEASE HELP WITH THE ANSWERS.NEED IT TO PRESENT THE SAME TO THE TEAM MATES ASAP. Armstrong Blair Company Statement of Financial Position 2. $ 35,400

PLEASE HELP WITH THE ANSWERS.NEED IT TO PRESENT THE SAME TO THE TEAM MATES ASAP.image text in transcribedimage text in transcribed

Armstrong Blair Company Statement of Financial Position 2. $ 35,400 36,000 140,000 160,000 89,000 $ 460,400 $ 110,000 80,000 158,000 34,000 78,400 $ 460,400 Accounts receivable (net) Inventory Property, plant, and equipment (net) other non-current assets Total assets Current liabilities Long-term debt (10x) Share capital Contributed surplus Retained earnings Total liabilities and shareholders' equity Statement of Earnings Sales revenue (1/3 on credit) Cost of sales Expenses (including interest and income tax) Net earnings $ 26,000 34,000 36,000 440,000 316,000 $ 852,000 $ 47,000 80,000 540,000 124,000 61,000 $ 852,000 19:53 $ 490,000 (269,500) (166,600) $ 53,900 $ 850,000 (425,000 (323,000) $ 102,000 Selected data from the financial statements for the previous year follows: Armstrong Company $ 24,000 88,000 80,000 Blair Company $ 44,000 40,000 80,000 Accounts receivable (net) Inventory Long-term debt Other data: Share price year-end Income tax rate Dividends declared and paid Shares Outstanding $ 18 30% 40,000 15,000 $ 15 30% $190,000 50,000 $ The companies are in the same line of business and are direct competitors in a large metropolitan area Both have been in business approximately ten years, and each has had steady growth. The management of each has a different viewpoint in many tenpects Blair Company is more conservative, and as its president said, "We avoid what we consider to be undue risk. Neither company is publicly held. Armstrong Company has an annual audit by an independent auditor, but Blair Company does not Required: 1. Complete a schedule that reflects a ratio analysis of each company. Use ending balonces if average balonces are not aynilable (Round intermediate calculations and final answers to 2 decimal places.) HINT: 10 calculate Current Ratio, you will need to first calculate the total Current Assets. Ratio Armstrong Company Blair Company Profitability ratios Gross profit percentage Profit margin % % Earnings per share per share per share Assef turnover ratios Fixed Asset turnover times times Receivables turnover times times Inventory turnover times times Liquidity ratios Current ratio Marker tests Pricelearnings ratio Dividend yield ratio % %

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