St of Cash Flows and Ratios Algo - Ratios
M. Schmidt Inc. M. Schmidt Inc. Income Statement Comparative Balance Sheets For years ended December 31, 2017 and 2018 December 31, 2018 and 2017 2018 2017 Change 2018 2017 Current assets: Sales (all on credit) $631,000 $599,000 Cash $76,300 $44,900 $31,400 Cost of goods sold (348.000) (285.000) Accounts receivable (net) 46,000 38,000 8,000 Gross margin 283,000 314,000 Inventory 50,000 48,000 2,000 Prepaid expenses 1,600 3,600 -2,000 Depreciation expense 38,000 53,000 Other current assets 2.290 3.500 1.210 Other operating 135,000 112,000 Total current assets 176,190 138,000 38,190 expenses Total operating 173,000 165,000 expenses Operating income 110,000 149,000 Long-term Investments 89,000 62,000 27,000 Other income Plant assets 314,000 263,000 51,000 (expenses) Interest expense (5,100) (3,800) Less: accumulated depreciation (80,400) (53,000) 27.400 Gain on sale of 6.400 233.600 investments 4,500 Total plant assets 210,000 23.600 Loss on sale of plant (3,600) 498,790 assets (4,300) Total assets 410,000 88,790 Total other income (expenses) (15,100) (3,600) Current liabilities: Income before income 107,700 145.400 Accounts payable $31,300 $32,000 $-700 taxes Income taxes expense (32 310) (43,620) Accrued liabilities 2.400 2,000 400 Net income $75.390 $101,780 Income taxes payable 2,700 10,000 -7,300 Total current liabilities 36,400 44,000 -7.600M. Schmidt Inc. Long term liabilities: Statement of Retained Earnings Notes Payable 256,000 190.000 66.000 For the year ended December 31, 2018 Total liabilities 292,400 234.000 58,400 2018 2017 Ret. earnings, Jan. 1 $38,000 $0 Stockholders' equity Add: net income 75,390 101,780 Common stock, $5 par value 110,000 110.000 OO Deduct Dividends (45,000) (63 780) Additional paid-in capital 28,000 28.000 Increase in retained 30,390 38.000 Retained earnings 68.390 38,000 30,390 earnings Ret. earnings, Dec. 31 $68,390 $38,000 Total stockholders' equity 206,390 176,000 30,390 Total liabilities and stockholders' equity $498 790 $410,000 $88,790 Other information: Shares of common 22.000 22,000 stock outstanding Earnings per share $3.43 $4.63 Dividends per share $2.05 $2.9 Market price per share, $16 $13 common stockHoriz Horiz Vertic Vertic Cash Flows from Oper Analysis Inc |Analysis Ball|Analysis Inc |Analysis Bel Ratios St St Sheet Enter Choose Numerator Numerator Value Enter Choose Denominator Denominator Ratio Value Current ratio Current assets BB,790 Current liabilities Acid-test ratio Inventory turnover Days' sales in inventory Accounts receivable turnover Days' sales in receivables Total asset turnover Debt-to-equity ratioProfit margin Return on total assets Return on common stockholders' equity Price/earnings ratio (P/E) Dividend yield
