QUES 1.The following information pertains to Jasmin Corporation. Assume that all balance sheet amounts represent both average and ending figures.

Jasmin Corporation
Partial Balance Sheet
December 31, 2009
Liabilities and Stockholders' Equity
Current liabilities		$ 60,000
Long-term liabilities		90,000
Stockholders' equity		150,000
Total liabilities and stockholders' equity		$300,000

Jasmin Corporation
Income Statement
For the Year Ended December 31, 2009
Net sales	$80,000
Cost of goods sold	45,000
Gross margin	$35,000
Operating expenses	15,000
Income before income taxes	$20,000
Income taxes expense	5,000
Net income	$15,000

I. Jasmin Corporation had 6,000 shares of common stock issued and outstanding. The market price of Jasmin common stock on December 31, 2009, was $20. Jasmin paid dividends of $0.90 per share during 2009.What is the return on assets for this corporation? Round your answer to 1 decimal place.

Answer

A. 5.0 percent

B. 10.0 percent

C. 11.7 percent

D. 26.7 percent

II. What is the debt to equity ratio for Jasmin corporation? Round your answer to 1 decimal place.

ANSWER

A. 0.4 times

B. 0.6 times

C. 1.0 times

D. 2.5 times

For this one i know the answer is C. 1.0 but pls explain how it came.

III. What is the price/earnings (P/E) ratio for Jasmin corporation? Round your answer to two decimal places.

A. 7.20 times

B. 8.20 times

C. 8.0 times

D. 10.70 times

For this one i know the answer is C. 8.0 times but pls explain how it came.

IV. What is the return on equity for Jasmin corporation? Round your answer to 1 decimal place.

A. 5.0 percent

B. 10.0 percent

C. 23.3 percent

D. 53.3 percent

For this one i know the answer is B. 10.0 percent but pls explain how it came.

V. What is the dividends yield of Jasmin corporation? Round your answer to two decimal places.

a. 4.95 percent

b. 6.60 percent

c. 4.5 percent

d. 9.90 percent

For this one i know the answer is c. 4.5 percent but pls explain how it came.

QUES 2:Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financial statements