Problem #3 Alexander Company Comparative Balance Sheets December 31, 2018 and December 13, 2019 Assets 2018 2019 Difference Cash 40,000 334,000 294,000 Accounts Receivable 255,000 215,0001 (40,000) Inventory 430,000 350,000 (80,000) Prepaid Expenses 2,000 1,200 (800) Plant Property & Equipment 1,104,000 1,256,000 152.0001 Accumulated Depr - Equipment (280,000) (366,000) (86,000) Total Assets 1,551,000 1,790,200 239,2001 Liabilities & Stockholder's Equity Accounts Payable Notes Payable (Current) Accrued Liabilities Mortgage Payable Common Stock $10 par value Retained Earnings Total Liabilities & S/E 74,000 118,000 160,000 60,000 51,000 67,000 560,000 720,000 400,000 400,000 306,000 425,200 1,551,000 1,790,200 44,0001 (100,000) 16,000 160,000 119.2001 239,200 Alexander Company Income Statement December 31, 2014 Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Income Interest expense Income before income taxes Income tax expense Net Income 3,729,000 1,127,800 2,602,200 1,949,400 752,800 459.000 293,8001 54,600 239,200 Additional information: 1. Paid dividends of $76,000 2. Market price - $435.00 Find the following ratios for 2019: 1. Current Ratio 2. Quick Ratio 3. Accounts Receivable Turnover 4. Days to Collect 5. Inventory Turnover 6. Days on hand 7. Payable Turnover 8. Days to pay 9. Debt to Equity Ratio 10. Number of times interest Earned 11. Profit Margin 12. Assets Turnover 13. Return on Assets 14. Return on Equity 15. Earnings per Share 16. Price/Earnings Ratio 17. Dividend Yield