pt 2

Condensed balance sheet and income statement data for Pina Corporation are presented here. Pina Corporation Balance Sheets December 31 2020 2019 2018 Cash $32.000 $22.000 $20.000 Accounts receivable (net) 52.000 47.000 50.000 Other current assets 97.000 102.000 71.000 Investments 62.000 77.000 52.000 Plant and equipment (net) 500.000 370.000 358.000 5743.000 5618.000 5551000 Current liabilities $87.000 82.000 $72.000 Long-term debt 152.000 92.000 57.000 Common stock, 510 par 327.000 317.000 307.000 Retained earnings 177.000 127.000 115,000 5743.000 $618.000 $551.000 Pina Corporation Income Statements For the Years Ended December 31 2020 2019 Sales revenue $747,000 $607,000 Less: Sales returns and allowances 42.000 32,000 Net sales 705.000 575,000 Cost of goods sold 432.000 357,000 Gross profit 273.000 218,000 Operating expenses (including income taxes) 182.000 152.000 Net income $91.000 $66.000 Additional information: 1. The market price of Pina's common stock was $7.00, $7.50 and $8.50 for 2018, 2019 and 2020, respectively 2. You must compute dividends paid. All dividends were paid in cash Compute the following ratios for 2019 and 2020. (Round answers to 2 decimal places, eg. 1.83 or 1.83%) 2020 2019 Profit margin Gross profit rate Asset turnover times times Earnings per share Price-earnings ratio times times Payout ratio Debt to assets ratio An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Concord Company CONCORD COMPANY Cost of Goods Manufactured Schedule $220.280 Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 162.130 24.970 Total raw materials available for use Less: Raw materials inventory (12/31) Direct materials used Direct labor $189,630 Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead Total manufacturing costs 18,190 41,340 70.890 130,420 Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 84 500 $545.360