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Assume the following data for Cable Corporation and Multi-Media Inc. 2.25 points Net income Sales Total assets Total debt Stockholders' equity Cable Corporation $ 32,400 351.000 458,000 200,000 258,000 Multi-Media Ine. $ 169,000 2,630,000 984,000 472.000 512,000 Skipped 3-1. Compute return on stockholders' equity for both firms. (Input your answers as a percent rounded to 2 decimal places.) eBook Return on Stockholders Equity Cable Corporation Multi-Media, Inc Print a-2. Which firm has the higher return? O Cable Corporation O Multi-Media Inc b. Compute the following additional ratios for both firms. (Input your Net income/Sales, Net Income/Total assets and Debt/Total asset answers as a percent rounded to 2 decimal places. Round your Sales/Total assets answers to 2 decimal places.) a-2. Which firm has the higher return? O Cable Corporation O Multi-Media Inc. b. Compute the following additional ratios for both firms. (Input your Net Income/Sales, Net income/Total assets and Debt/Total asset answers as a percent rounded to 2 decimal places. Round your Sales/Total assets answers to 2 decimal places.) Multi-Media Inc Cable Corporation % % Net income/Sales Net Income/Total assets Sales/Total assets DebTotal assets % times times Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year Ended December 31, 20x2 Sales $ 3,860,000 Cost of goods sold 2,330,000 Gross profit $1,530,000 Selling and administrative expense 744,000 Depreciation expense 279,000 Operating income $ 507.000 Interest expense 81,000 Earnings before taxes $ 426,000 Taxes 198,000 Earnings after taxes 228,000 Preferred stock dividends 10,000 Earnings available to common stockholders $ 218,000 Shares outstanding 150,000 Earnings per share 1.45 Statement of Retained Earnings For the Year Ended December 31, 20x2 Retained earnings, balance, January 1, 20X2 Add: Earnings available to common stockholders, 20x2 Deducti Cash dividends declared and paid in 20x2 Retained earnings, balance, December 31, 20X2 $725,100 218,000 148.000 $ 795,100 Comparative Balance Sheets For 20x1 and 20x2 Year-End 20X1 Year-End 20x2 Assets Current assets Cash Accounts receivable (net) Inventory Prepaid expenses Total current assets $ 103,000 511,000 680,000 60.900 $1,354,900 $ 92,700 518,000 708,000 39,200 $1,357,900 94,100 87,300 $ 2,510,000 1,550,000 $ 3, 160,000 1,829,000 960,000 $2,409,000 1,331,000 $2,776,200 Investments (long-term securities) Gross plant and equipment Less Accumulated depreciation Net plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities: Bonds payable, 20x2 Total liabilities Stockholders' equity Preferred stock, $100 par value Common stock, $1 par value Capital paid in excess of par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 323,000 508,000 71,900 $ 902,900 $ 634,000 508,000 53, 100 $1,195, 100 191,000 $1,093,900 196.000 $1,391,100 $ 90,000 150,000 350.000 125,100 $1,315,100 $2,409,000 $ 90,000 150,000 350,000 795, 100 $1,385, 100 $2,776,200 a. Prepare a statement of cash flows for the Crosby Corporation: (Amounts to be deducted should be indicated with parentheses or a minus sign.) CROSBY CORPORATION Statement of Cash Flows For the Year Ended December 31, 20X2 Cash flows from operating activities: Adjustments to determine cashflow from operating activities: Saved Help Save & Exit Check Total adjustments Net cash flows from operating activities Cash flows from investing activities: $ 0 $ O Net cash flows from investing activities Cash flows from financing activities: $ 0 + Net cash flows from financing activities $ 0 b. Compute the book value per common share for both 20X1 and 20x2 for the Crosby Corporation. (Round your answers to 2 decimals places.) Book value 20X1 20x2 0 Net cash flows from financing activities b. Compute the book value per common share for both 20X1 and 20x2 for the Crosby Corporation (Round your answers to 2 decimals places.) Book value 20x1 20x2 c. If the market value of a share of common stock is 2.8 times book value for 20X2, what is the firm's P/E ratio for 20x2? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) P/E ratio times