Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please provide cell refences on formula ex.=c32+c15 Calin 96 10 Cells Editing Paste BIU E- & A Alignment Number Conditional Format as Cell Formatting Table

image text in transcribed
image text in transcribed
please provide cell refences on formula ex.=c32+c15
Calin 96 10 Cells Editing Paste BIU E- & A "Alignment Number Conditional Format as Cell Formatting Table Styles Styles Gipboard Font C42 X 4 F E B This Year $ $4,980,000 2,988.000 1992.000 1 Recent financial statements for Zimmer, Inc. are as follows: 2 Zimmer Company Zimmer Company 3 Comparative Balance Sheet Income Statement 4 This Year Last Year 5 Assets 6 Current assets 7 Cash 360,000 $ 310,000 Sales (all on account) 8 Marketable securities 220,000 80,000 Cost of goods sold 9 Accounts receivable, net 775,000 700,000 Gross martin 10 Inventory 925,000 750,000 Selling and administrative expenses 11 Other current assets 355.000 195,000 Operating expenses 12 Total current assets 2,635,000 2,035,000 Depreciation and amortization 13 Plant and equipment, net 1.975,000 1.800.000 General and administrative expenses 14 Other assets 75 000 100,000 Total selling and administrative expenses 15 Total assets 4.685.000 3.925.000 Net operating income 16 Liabilities and Stockholders' Equity Interest expense 17 Current Liabilities: Net income before taxes 18 Accounts payable 250,000 $ 225.000 Income taxes 19 750,000 600,000 Net Income Short-term bank loans 20 550,000 395,000 Accrued payables 21 Other current liabilities 275,000 223.400 Additional information 22 Total current liabilities 1,825,000 1,443,400 Dividend per share paid in current year 23 Bonds payable 10% 575,000 400 000 Market price of shares at year end Sheet1 985,500 410,500 150 000 1.546,000 446,000 60,000 386,000 135, 100 $ S250.900 S 100 42.00 100% Hint READY Attempt(s) 1/3 1 Selected Financial Ratios - Excel FORMULAS DATA REVIEW Sign In VIEW FILE HOME INSERT PAGE LAYOUT % Calion - 10 CAN Cells Editing Paste BTU 96 Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font F26 > -B26/F24 E 42.00 Market price of shares at year end Par value of common stock per share 20.00 Number of share outstanding 57,500 c 23 Bonds payable, 10% 575,000 400,000 24 Total liabilities 2.400.000 1.843400 25 Stockholders' equity: Common stock 1,150,000 1.150,000 Retained earnings 2.135.000 941,600 28 Total stockholders' equity 2.285.000 2,091,600 29 Total liabilities and stockholders' equity s 4.685.000 1.935,000 30 31 Required: 52 Compute the following ratios for the current year only: 33 Gross margin percentage 40% 34 Current ratio rounded to two decimal places) 35 Add test ratio (rounded to two decimal places) 36 Accounts receivable turnover (rounded to two decimal places) 6.75 37 Average collection period frounded to the nearest whole day) 54 38 Inventory turnover ratio frounded to two decimal places) 39 Average sales period (rounded to the nearest whole day) 102 40 Debt-to-equity ratio (rounded to two decimal places) 105 41 Times interest earned (rounded to two decimal places) 7,43 42 Book value per share (rounded to two decimal places) 43 Earnings per share rounded to two decimal places 44 Dividend payout ratio (rounded to three decimal places) 45 Dividend yield ratio (rounded to three decimal places)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forensic Analytics Methods And Techniques For Forensic Accounting Investigations

Authors: Mark J. Nigrini

2nd Edition

1119585767, 9781119585763

More Books

Students also viewed these Accounting questions