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Seven metrics The following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no
Seven metrics The following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no intangible assets Property, plant, and equipment (net) Liabilities $1,015,200 Current liabilities Mortgage note payable, 10%, ten-year note issued two years ago Total liabilities $168,000 846,000 $1,014,000 Stockholders' equity: Preferred $2 stock, $100 par (no change during year) $1,521,000 Common stock, $10 par (no change during year) 1,521,000 Retained earnings $1,622,000 Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year 484,000 $2,106,000 $30,420 47,580 78,000 Total stockholders' equity Sales Interest expense Beginning-of-the-year amounts: 2,028,000 5,070,000 $17,629,000 $121,064
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