Problem 13-5B Comparative ratio analysis P3

\fFargo Ball Fargo Ball Company Company Company Company Data from the current year-end balance sheets Data from the current year's Income statement Assets Sales. .. . .. . $393,600 $667,500 Cash. . .. .. . . $ 20,000 $ 36,500 Cost of goods sold. . . ... 290,600 480,000 Accounts receivable, net . . . . . 88,700 79,500 Interest expense . . . 5,900 12,300 Merchandise inventory. . . . . . . . . . . . 86,800 82,000 Income tax expense . . . . . . . 5,700 12,300 Prepaid expenses . . . . . 9,700 10,100 Net income . . ... 33,850 61,700 Plant assets, net . . . . . 176,900 252,300 Basic earnings per share. . . . .. 1.27 2.19 Total assets . . . . . .. $382,100 $460,400 Liabilities and Equity Beginning-of-year balance sheet data Current liabilities. . . . .. $ 90,500 $ 97,000 Accounts receivable, net. . . . . . . . . . . . . $ 72,200 $ 73,300 Long-term notes payable . . 93,000 93,300 Merchandise inventory . . . . . .. . 105,100 80,500 Common stock, $5 par value . . . . . .. 133,000 141,000 Total assets . . ... 383,400 443,000 Retained earnings. . .... . . . 65,600 129,100 Common stock, $5 par value .. . ... 133,000 141,000 Total liabilities and equity. $382,100 $460,400 Retained earnings . . . . .. 49,100 109,700