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pls show the calculation for the ratio types. looks long but its a very short question. ill make sure to like it, thanks. note: this
pls show the calculation for the ratio types. looks long but its a very short question. ill make sure to like it, thanks. note: this is the only information that the assignment gave me so it is possible to find the price ratio. thanks
Return on Assets Asset Turnover Price-Earnings Ratio Dividend Yield Task 3: Shown below is the 2015 Balance Sheet, the 2015 Income Statement, and the 2015 Statement of Retained Earnings for King Corporation. Using the data on the three financial statements, calculate the ratios listed in the chart under it. (10 Marks) King Corporation Balance Sheet December 31, 2015 Assets Current Assets Cash $ 117,000 Accounts Receivable 45,000 305,000 Merchandise Inventory Prepaid Expenses 23,450 Total Current Assets Furniture and Office Equipment Less: Accumulated Amortization, Furniture and Office Equipment 58,430 Machinery Less: Accumulated Amortization, Machinery 254,000 Building Less: Accumulated Amortization, Building 348,030 Land 556,500 Total Fixed Assets Other Assets Goodwill 70,555 34,645 Patents Total Other Assets 76,500 22,000 23,110 84,000 34,000 83,000 70,000 500,000 570,000 1,070,000 100,000 1,170,000 250,000 Fixed Assets Total Assets Current Liabilities Liabilities and Shareholders' Equity Accounts Payable Income Taxes Payable HST Payable Unearned Revenue Current Portion of Long-term Debt Total current liabilities Long-Term Liabilities Mortgage Payable Bonds Payable, 5%, due in 2020 Total Long-term Liabilities Total Liabilities Shareholders' Equity Contributed Capital Share Capital $4 Preferred shares, $100 par value, cumulative, 10 000 authorized, 5 000 issued Common shares, no par value, unlimited shares authorized, 50 000 issued Total Share Capital Additional Share Capital Contributed Surplus in Excess of Par Value - Preferred Total Contributed Capital Retained Earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity $ 73,000 14.570 266,000 12,000 420.500 72,470 S 490,450 1,216,960 105,200 $1,812,610 239,610 153,000 392,610 1,420,000 $1,812,610 King Corporation Income Statement For the year ended December 31, 2015 Revenue Cost of Goods Sold Inventory, January 1, 2015 Add: Net Purchases Cost of Goods Available Less: Inventory, December 31, 2015 Cost of Goods Sold Advertising Expense Administrative Expenses Amortization Expense, Furniture and Office Equipment Amortization Expense, Machinery Amortization Expense, Building Commissions Expense Office Supplies Expense Salaries Expense Total Operating Expenses Interest Expense Gross Profit Operating Expenses Operating Income Net Income Balance, January 1, 2015 Add: Net Income Subtotal Less: Cash Dividends Balance, December 31, 2015 King Corporation Statement of Retained Earnings For the year ended December 31, 2015 $275,000 925,000 1,200,000 305,000 12,000 11,500 2,500 5,000 6,000 15,000 13,500 310,000 $1,400,000 895,000 505,000 375,500 129,500 5,500 $ 124,000 $ 146,000 124,000 270,000 20,000 $ 250,000Step by Step Solution
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