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So I need help with the ones in red, Need help solving for Current ratio, Return on assets, and return on common stockholders equity, debt
So I need help with the ones in red, Need help solving for Current ratio, Return on assets, and return on common stockholders equity, debt to assets ratio % change, and price-earning ratio. Thanks!!!
Sandhill Company Balance Sheets December 31 Liabilities and Stockholders' Equity Notes payable (current) $171,00069,00040,000$107,00050,00040,000 Situation Ratio 1. 18,000 shares of common stock were sold at par on July 1,2026 . Net Return on common stockholders' equity income for 2026 was $53,000, and there were no dividends. 2. All of the notes payable were paid in 2026. All other liabilities remained at Debt to assets ratio their December 31, 2025, levels. Total assets on December 31,2026 , were $868,000. 3. The market price of common stock was $9 and $13 on December 31,2025 Price-earnings ratio and 2026 , respectively. Net income for 2026 was $53,000. (Use a simple average calculation for EPS.) 20252024%Change ABILITY argin 6.4% \begin{tabular}{l|l} 6.6 & % \end{tabular} % rnover 1.11 times 1.16 times % in assets 6.53% 8.22% 20.68% ; per share 2.78 $ 2.50 11.2% Compute liquidity and profitability ratios, and indicate the percentage change in liquidity and profitability ratios of Sandhill Company from 2024 to 2025. (Note: Not all profitability ratios can be computed, nor can cash-basis ratios be computed.) (Round Curent ratio, Asset turnover and Earnings per share to 2 decimal places, e.g. 15.50. Round \% change to 0 decimal places, for e.g. 1\%. Round all other answers to 1 decimal place, e.g. 15.5. If \% change is a decrease show the numbers as negative, e.g. 1% or (1\%).) Additional information: 1. Inventory at the beginning of 2024 was $117,000. 2. Accounts receivable (net) at the beginning of 2024 were $89,000. 3. Total assets at the beginning of 2024 were $632,000. 4. No common stock transactions occurred during 2024 or 2025. 5. All sales were on credit. Bonds payable, due 2028 Common stock, $10 par \begin{tabular}{ll} 252,000 & 169,000 \\ 208,000 & 208,000 \\ 149,000 & 143,000 \\ \hline \end{tabular} Retained earnings Total liabilities and stockholders' equity $889,000$717,000 Sandhill Company Income Statements For the Years Ended December 31Step by Step Solution
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