Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue Stargelinc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2011 2012 510,000,000 5.350.000 5 4,650,000 $ 2.000.000 1,500,000 $ 3,500,000 5 1,150,000 150.000 5 1,300,000 170,000 5 1.130,000 230.000 5900,000 2011 $9.400,000 4,950,000 $4,450.000 51,800,000 1410.000 $3,290.000 $1,160,000 140,000 51.300.000 150,000 $1,150,000 225.000 $925,000 Other expense interest) Income before income tax Income tax expense Net income Stargel Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 2011 $ 500,000 1,010,000 740,000 1,190,000 250,000 $3,690,000 2.350.000 3,740,000 59.780,000 $ 400,000 1,000,000 510,000 950,000 229,000 $3,089,000 2.300.000 3.366,000 $8.755,000 Assets Current assets: Cash Marketable securities. Accounts receivable (net) Inventories Prepaid expenses Total current assets. Long-term investments Property, plant and equipment le Total assets Liabilities Current liabilities Long-term liabilities: Mortgage note payable, 10%. Bonds payable, 10%. Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.90 stock, 510 par Common stock. 55 par. Retained earnings Total stockholders' equity Total liabilities and stockholders' equity... $ 900,000 $ 880,000 $ 200,000 1,500,000 $1.700.000 $2,600,000 $ 0 1.500.000 $1,500,000 52.380.000 $ 500,000 500,000 6,180,000 $7,180,000 $9,780,000 $ 500,000 500,000 5,375.000 56,375,000 $8,755,000 Instructions Determine the following measures for 2012, rounding to one decimal place including percentages, except for per-share amounts: 1. Working capital 2. Current ratio 3. Quick ratio Accounts receivable turnover 5. Number of days' sales in receivables (Continued End + - Financial Statement Analysis 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield bicic Current Liabilities Current Assets = Calculated Value 1. Working capital: Ratio Numerator Denominator = Calculated Value 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover C 5. Number of days sales in receivables II 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of Fixed assets to long-term liabilities Pr. 17.48 Type here to search ORI 3 AutoSave od Copy of WRD 27 PR 17-48 (2) Excel p Somch de Home insert Draw Page Layout Formulas Data Review View Help Anal -10 - A A iste Wrap Text + Merge & Center - BIU A 18 $ -% 823 pboard Font Alignment Number 20 X fo B 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets Return on stockholders equity 13. 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio 17 Dividends per share of common stock Pr. 17.4B Type here to search o a Arial 10 ' lillil 2 Wrap Text Merge & Center $ % 9 Sand Font Alignment Number 3 D E G 13. Return on stockholders equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. DODOTI Price-eamings ratio III 17. Dividends per share of common stock 18. Dividend yield Pr. 17-48 - Type here to search o
