Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show work!!!! Seven metrics The following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that

please show work!!!!

Seven metrics

The following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no intangible assets.

Property, plant, and equipment (net) $1,005,200
Liabilities:
Current liabilities $143,000
Mortgage note payable, 10%, ten-year note issued two years ago 718,000
Total liabilities $861,000
Stockholders' equity:
Preferred $4 stock, $100 par (no change during year) $1,291,500
Common stock, $10 par (no change during year) 1,291,500
Retained earnings:
Balance, beginning of year $1,378,000
Net income 451,000 $1,829,000
Preferred dividends $51,660
Common dividends 55,340 (107,000)
Balance, end of year 1,722,000
Total stockholders' equity $4,305,000
Sales $13,987,800
Interest expense $113,144
Beginning-of-the-year amounts:
Property, plant, and equipment (net) $ 2,583,000
Total assets 4,908,000
Retained earnings 1,378,000

Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders' equity, (d) asset turnover, (e) return on total assets, (f) return on stockholders' equity, and (g) return on common stockholders' equity. Round to two decimal places.

a. Debt ratio
b. Ratio of fixed assets to long-term liabilities
c. Ratio of liabilities to stockholders' equity
d. Asset turnover
e. Return on total assets
f. Return on stockholders' equity
g. Return on common stockholders' equity fill in the blank 7

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

Accounting Essentials For Hospitality Managers

Authors: Chris Guilding, Kate Mingjie Ji

4th Edition

1032024321, 9781032024325

More Books

Students also viewed these Accounting questions

Question

Where is the position?

Answered: 1 week ago

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago