ratios provided al review of Chapters 9-11. Calculate selected financial ca Caostone analytical apstond explain financial reporting issues ages 132-133 for the financial statement data n to Case 4.30 (atios plse refer to Case 4. sis of this case. You should also review the solutio and ur instructor before attempting to complete this case.) Required a Case 4.30 presents the 2016 income statement and balance sheet for Gerrand hat other financial statements are required? What information i Co. W Construction C d these statements communicate that could not be determined by revievin only the income statement and balance sheet? uoetly describe the note disclosures that should be provided by Gerrard Constructi tion Co.. and explain why note disclosures are considered an inte- gral part of the financial statements. me that the balance of "Accounts Receivable, net" at December 31, 2015, C. as $16,400. Calculate the following activity measures for Gerrard Construction Co. for the year ended December 31, 2016: 1. Accounts receivable turnover 2. Number of days' sales in accounts receivable. d. Calculate the following financial leverage measures for Gerrard Construction Co at December 31, 2016: 1. Debt ratio. 2. Debt/equity ratio e. Gerrard Construction Co. wishes to lease some new earthmoving equipment from Caterpillar on a long-term basis. What impact (increase, decrease, or no effect) would a capital lease of S8 million have on the company's debt ratio and debt/equity ratio? (Note that these items were computed in part d and do not need to be recomputed for this requirement.) . Review the answer to Case 4.30 part i at this time. Assume that Gerrard Construction Co. had 4,800.000 shares of SI par value common stock outstand- ng throughout 2016, and that the market price per share of common stock at December 31, 2016, was $18.75. Calculate the following profitability measures for the year ended December 31, 2016: I. Earnings per share of common stock 2. Price/earnings ratio. 3. Dividend yield. 4. Dividend payout ratio