Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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: $1,958,900 Current liabilities Mortgage note payable, 10%, ten year note issued two years ago $205,000 1,031,000 Total liabilities Stockholders' equity $1,236,000 51,236,000 1,236,000 Preferred $4 stock, $100 par (no change during year) Common stock, 510 par (no change during year) Retained earnings: Balance, beginning of year Net Income Preferred dividends Common dividends $1,318,000 497,000 $1,815.000 $49,440 117,560 (167,000) Balance, end of year 1,648,000 Total stockholders' equity $4,120,000 Sales $15,518,400 Interest expense $124,418 Beginning-of-the-year amounts: Property, plant, and equipment (net) $ 2,678,000 Total assets 5,038,000 Retained earnings 1,318,000 Determine the following: (a) debt ratio. (b) ratio of fixed assets to long-term be, (c) ratio of besties to stockholders equity, (d) turnover, (e) return on tots unty, and (o) return on common stockholders' equity. Round to two decimal places 5,058,000 Retained earnings 1318.000 Determine the following: (a) debt ratio, (b) off assets to long terme (ratio of is to stockholders' cauty (6) set furnover, (e)return on totales () return on the equity, and () return on common des couty. Round to two decimal places Debt ratio X b. Ratio of feed assets to long-termes Ratio of late to stockholders' equity d. At turnover Return on tott Return on stockholders'uty Return on common struity Chow (a) Divide to bites by total assets. Use the accounting equation to find totale. Teata toode 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) $1,958,900 Labilities: Current liabilities $205,000 Mortgage note payable, 10%, ten-year note issued two years ago 1,031,000 Total liabilities $1,236,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $1,236,000 Common stock, $10 par (no change during year) 1,236,000 Retained earnings: Balance, beginning of year $1,318,000 497,000 Net income $1,815,000 Preferred dividends $49,440 Common dividends 117,560 (167,000) 1,648,000 Balance, end of year $4,120,000 Total stockholders' equity $15,518,400 Sales interest expense $124,418 Beginning-of-the-year amounts Property, plant, and equipment (net) $ 2,678,000 Total assets 5,058,000 Retained earnings 1,318,000 Determine the following: (a) debt ratio, (b) ratio of fixed assets 10 long-term abilities, (c) ratio of abilities to stockholders equity. (d) asset turnover, (c) return on to to tun decimal places Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockh equity, and (9) return on common stockholders' equity. Round to two decimal places. a. Debt ratio % b. Ratio of fixed assets to long-term liabilities C. Ratio of liabilities to stockholders' equity d. Asset turnover e. % Return on total assets III % 1. Return on stockholders' equity % g. Return on common stockholders' equity Check My Work

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

Step: 3

blur-text-image

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

Surviving The OSHA Audit Common Sense Solutions To Your Most Feared OSHA Compliance Issues

Authors: David A. Casavant

1st Edition

0998743704, 978-0998743707

More Books

Students also viewed these Accounting questions

Question

3. Outline the four major approaches to informative speeches

Answered: 1 week ago

Question

4. Employ strategies to make your audience hungry for information

Answered: 1 week ago