Ratios Compared with Industry Averages Adams Plastics, Inc., manufactures various pl synthetic products. Financial statement data for the firm follow: astic 2019 (Thousands of Dollars, except Earnings per Share) $825,000 550,000 Sales revenue. Net income Earnings per share . 50,500 17,500 4.04 ADAMS PLASTICS, INC. Balance Sheets (Thousands of Dollars) Dec. 31, 2019 Dec. 31, 2018 Assets Cash.. .. $ 2,100 66,900 148,000 217,000 215,000 13,900 2,700 60,900 140,000 203,600 194,000 4,000 $401,600 Total assets .. . . . . . $445,900 Liabilities and Stockholders' Equity S 25,000 27,600 25,100 84,100 10,000 234,100 23,000 24,800 72,800 150,000 222,800 125,000 53,800 178,800 $401,600 10% bonds payable , 86,800 211,800 Required a. Using the given data, calculate items 1 through 8 below for 2019. Compare the performance of Adams Plastics, Inc., with the following industry averages and comment on its operations. Median Ratios for Manufacturers of Plastic and Synthetic Products 7.9 times 7.8 times 0.95 32.7 percent 3.5 percent 6.3 percent Calculate the dividends paid per share of common stock. What was the dividend payout ratio? If the most recent price per share of common stock is $51.00, what is the price-earnings ratio? The dividend yield? b. c. Scanned with CamScanner Ratios Compared with Industry Averages Adams Plastics, Inc., manufactures various pl synthetic products. Financial statement data for the firm follow: astic 2019 (Thousands of Dollars, except Earnings per Share) $825,000 550,000 Sales revenue. Net income Earnings per share . 50,500 17,500 4.04 ADAMS PLASTICS, INC. Balance Sheets (Thousands of Dollars) Dec. 31, 2019 Dec. 31, 2018 Assets Cash.. .. $ 2,100 66,900 148,000 217,000 215,000 13,900 2,700 60,900 140,000 203,600 194,000 4,000 $401,600 Total assets .. . . . . . $445,900 Liabilities and Stockholders' Equity S 25,000 27,600 25,100 84,100 10,000 234,100 23,000 24,800 72,800 150,000 222,800 125,000 53,800 178,800 $401,600 10% bonds payable , 86,800 211,800 Required a. Using the given data, calculate items 1 through 8 below for 2019. Compare the performance of Adams Plastics, Inc., with the following industry averages and comment on its operations. Median Ratios for Manufacturers of Plastic and Synthetic Products 7.9 times 7.8 times 0.95 32.7 percent 3.5 percent 6.3 percent Calculate the dividends paid per share of common stock. What was the dividend payout ratio? If the most recent price per share of common stock is $51.00, what is the price-earnings ratio? The dividend yield? b. c. Scanned with CamScanner