Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required Calculate the following ratios for Year 4 and Year 3 . Since Year 2 numbers are not presented do not use averages when calculating

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Required Calculate the following ratios for Year 4 and Year 3 . Since Year 2 numbers are not presented do not use averages when calculating the ratios for Year 3 . Instead, use the number presented on the Year 3 balance sheet. Note: Round ratio answers to 2 decimal places unless otherwise indicated. a. Working capital. b. Current ratio. c. Quick ratio. d. Receivables turnover (beginning recelvables at January 1, Year 3, were $49,000 ). e. Average days to collect accounts recelvable. Note: Use 365 days in a year. Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number. 1. Inventory turnover (beginning inventory at January 1, Year 3 , was $155,000 ). g. Number of days to sell inventory. Note: Use 365 days in a year. Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number. h. Debt-to-assets ratio. Note: Round your answers to the nearest whole percent. i. Debt-to-equity ratio. 1. Number of times interest was earned. k. Plant assets to long-term debt. 1. Net margin. m. Turnover of assets (overage total assets in Year 3 is $552,000 ). n. Return on investment (average total assets in Year 3 is $552.000 ). o. Return on equity (average stockholders' equity in Year 3 is $284,900 ). p. Earnings per share (total shares outstanding is unchanged). q. Book value per share of common stock. r. Price-earnings ratio (market price per share: Year 3, \$12.50; Year 4,$14.00 ). Note: Round your intermediate calculations and final answer to 2 decimal places. 5. Dividend yield on common stock

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Financial Accounting Acc 201 College Of Southern Nevada

Authors: Weygandt. Kimmel. Kieso

13th Edition

1118742966, 978-1118742969

More Books

Students also viewed these Accounting questions