Problem 13-23A (Algo) Ratio analysis LO 13-2, 13-3, 13-4, 13-5 The following financial statements apply to...

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Problem 13-23A (Algo) Ratio analysis LO 13-2, 13-3, 13-4, 13-5 The following financial statements apply to Solomon Company: 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 Year 2 $ 219,800 Year 1 $ 181,900 124,200 102,500 19,700 17,700 10,600 9,600 3,000 3,000 20,300 16,700 177,800 149,500 $ 42,000 $ 32,400 $ 5,400 $ 6,500 1,600 1,600 35,600 30,800 101,000 95,800 4,100 3,100 147,700 106,500 20,600 137,800 106,500 0 $ 274,800 $ 244,300 $ 39,900 $ 16,500 35,200 15,900 56,400 51,100 65,200 66,200 121,600 117,300 114,200 114,200 39,000 153,200 Total liabilities and stockholders' equity $ 274,800 12,800 127,000 $ 244,300 Stockholders' equity Common stock (47,000 shares). Retained earnings Total stockholders' equity Problem 13-23A (Algo) Ratio analysis LO 13-2, 13-3, 13-4, 13-5 The following financial statements apply to Solomon Company: 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 Year 2 $ 219,800 Year 1 $ 181,900 124,200 102,500 19,700 17,700 10,600 9,600 3,000 3,000 20,300 16,700 177,800 149,500 $ 42,000 $ 32,400 $ 5,400 $ 6,500 1,600 1,600 35,600 30,800 101,000 95,800 4,100 3,100 147,700 106,500 20,600 137,800 106,500 0 $ 274,800 $ 244,300 $ 39,900 $ 16,500 35,200 15,900 56,400 51,100 65,200 66,200 121,600 117,300 114,200 114,200 39,000 153,200 Total liabilities and stockholders' equity $ 274,800 12,800 127,000 $ 244,300 Stockholders' equity Common stock (47,000 shares). Retained earnings Total stockholders' equity