Problem 14-4A Condensed statement of financial position and income statement data for Crown Point Ltd. are shown below CROWN POINT LTD. Statement of Financial Position December 31 (in thousands) 2018 2017 2016 Assets Current assets $80$202 503 499 2,124 1,5781,204 4,139 3,8273,175 $6,263 $5,405 $4,379 $29 899 1,196 Cash 698 800 Accounts receivable Inventory Total current assets Property, plant, and equipment (net) Total assets Liabilities and Shareholders' Equity Liabilities Current liabilities $597$551 $499 3,0722,338 1,496 3,669 2,889 1,995 Non-current liabilities Total liabilities Shareholders' equity Common shares Retained earnings 995 1,599 1,521 1,389 2,5942,516 2,384 Total liabilities and shareholders' equity $6,263 $5,405 $4,379 995 995 Total shareholders' equity CROWN POINT LTD Income Statement Year Ended December 31 (in thousands) 2018 2017 2016 Sales (all on credit) Cost of goods solod Gross profit Operating expenses Income from operations Interest expense Income before income tax Income tax expense Net income $4,543 $4,015 $3,636 2,492 2,1161,792 2,051 1,899 1,844 1,457 1,4841,504 594 189 405 101 415 129 286 72 340 71 269 67 $304$214 $202 Calculate the receivables turnover ratio, inventory turnover ratio, and current ratio for all three years. Assume that the accounts rece doubtful accounts and all sales are on credit. (Round answers to 1 decimal place, e.g. 5.296.) 2016 2017 2018 times times times Receivables turnover Inventory turnover Current ratio times times times LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the gross profit margin for each year. (Round answers to 1 decimal place, eg. 5.296.) 2016 2017 2018 Gross profit margin LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the profit margin ratio. (Round answers to 1 decimal place, eg. 5.296.) 2016 2017 2018 Profit margin LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the debt to total assets ratio and the times interest earned ratio for all three years. (Round answers to 1 decimal place, 2016 2017 2018 Debt to total assets times times times Times interest earned LINK TO TEXT LINK TO TEXT LINK TO TEXT The company paid all dividends as soon as they were declared and has only issued common shares. There are no preferred shares. R (Round payout ratio to 1 decimal place, eg, 5.296.) 2016 2017 2018 Dividends declared (in thousands) Payout ratio LINK TO TEXT LINK TO TEXT LINK TO TEXT The company paid all dividends as soon as they were declared and has only issued common shares. There are no preferred shares. R (Round payout ratio to 1 decimal place, e.g. 5.2%.) 2016 2017 2018 Dividends declared (in thousands) $ Payout ratio LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the asset turnover for each of the three years. Assume that total assets at the end of 2015 were equal to total assets at the for each year. (Round asset turnover to 2 decimal palces, e.g. 5.26 and return on assets to 1 decimal place, e.g. 5.2%.) 2016 2017 2018 times times times Asset turnover Return on assets LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the return on common shareholders' equity for each year. Assume that common shareholders' equity at the end of 2015 wa 2016 2017 2018 Return on common shareholders' equity LINK TO TEXT LINK TO TEXT LINK TO TEXT
