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Please round answers The following financial statements apply to Vernon Company Year 2 $ 218,900 Year 1 $ 182,300 124,300 102,100 20,800 18,800 10,400 9,400

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The following financial statements apply to Vernon Company Year 2 $ 218,900 Year 1 $ 182,300 124,300 102,100 20,800 18,800 10,400 9,400 1,600 1,600 20,500 17,200 177,600 149, 100 $ 41,300 $ 33,200 Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (42,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 5,500 2,300 36,700 100,700 4,300 149,500 106,700 21,000 $ 277,200 $ 6,400 2,300 31,800 95,000 3,300 138,800 106,700 @ $ 245,500 $ 39,900 16,800 56,700 65,780 122,400 35,800 16,400 52,200 66,700 118,900 114,900 39,900 154,888 $ 277,200 114,900 11.700 126,600 $ 245,500 d. Nendy IROTU your answers 12 UEC places.) b. Return on investment (Round your answers to 2 decimal places) c. Return on equity (Round your answers to 2 decimal places.) d. Earnings per share. (Round your answers to 2 decimal places.) e. Price earnings ratio (market prices at the end of Year 1 and Year 2 were $603 and $4.82 respectively) (Round your intermediate calculations and final answers to 2 decimal places.) f. Book value per share of common stock (Round your answers to 2 decimal places.) g. Times interest earned Exclude extraordinary income in the calculation as they cannot be expected to recur and therefore, will not be available to satisfy future interest payments (Round your answers to 2 decimal places.) h. Working capital 1. Current ratio (Round your answers to 2 decimal places.) j. Quick (acid-test) ratio (Round your answers to 2 decimal places.) k. Accounts receivable turnover (Round your answers to 2 decimal places.) 1. Inventory turnover (Round your answers to 2 decimal places.) m. Debt-to-equity ratio (Round your answers to 2 decimal places.) n. Debt-to-assets ratio (Round your answers to the nearest whole percent.) Year 1 a Year 2 96 96 % b % 96 C d tirnes times 1 times times 9 Net margin Return on investment Return on equity Earnings per share Price-earnings ratio Book value per share of common stock Times interest earned Working capital Current ratio Quick (acid-test) ratio Accounts receivable turnover Inventory turnover Debt-to-equity ratio Debt-to-assets ratio times times k times times m

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