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The comparative financial statements for Prince Company are below: Year 2 Year 1 $ 200,000 114,500 85,500 57,000 28,500 9,000 $ 19,500 $ 169,500 101,000
The comparative financial statements for Prince Company are below: Year 2 Year 1 $ 200,000 114,500 85,500 57,000 28,500 9,000 $ 19,500 $ 169,500 101,000 68,500 53,500 15,000 4,500 $ 10,500 Income statement: Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet: Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (12% interest) Common stock ($8 par value, 3,875 shares outstanding) Retained earnings Total liabilities and stockholders' equity $ 5,000 14,500 41,000 46,500 $107.000 $ 16,500 45,500 31,000 14.000 $ 107,000 $ 7,500 18,500 34,500 39.000 $ 99,500 $ 18,000 45,500 30.500 5,500 $ 99,500 Assume that the stock price per share is $33 and that dividends in the amount of $6.00 per share were paid during Year 2. Compute the following ratios: (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).) Earnings per share Current ratio Quick ratio Cash ratio P/E ratio Dividend yield ratio %
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