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The comparative financial statements for Chinook Company are below Year 2 Year 1 Income statement Sales revenue $ 2 1 0 , 0 0 0

The comparative financial statements for Chinook Company are below
Year 2 Year 1
Income statement
Sales revenue $ 210,000 $ 172,000
Cost of goods sold 117,000102,000
Gross profit 93,00070,000
Operating expenses and interest expense 58,00054,000
Pretax income 35,00016,000
Income tax 10,0005,000
Net income $ 25,000 $ 11,000
Balance sheet
Cash $ 6,000 $ 8,000
Accounts receivable (net)15,00019,000
Inventory 42,00035,000
Property and equipment (net)48,00040,000
Total assets $ 111,000 $ 102,000
Current liabilities (no interest) $ 17,000 $ 18,000
Long-term liabilities (interest rate: 10%)46,00046,000
Common stock ($5 par value, 6,400 shares outstanding)32,00032,000
Retained earnings 16,0006,000
Total liabilities and stockholders' equity $ 111,000 $ 102,000
Assume that the stock price per share is $38 and that dividends in the amount of $8.50 per share were paid during Year 2. Compute the following ratios:
Note: Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e.0.1234 should be entered as 12.34).Assume that the stock price per share is $38 and that dividends in the amount of $8.50 per share were paid during Year 2. Compute
the following ratios:
Note: Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e.0.1234 should be
entered as 12.34).
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