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The condensed financial statements of Ivanhoe Company for the years 2020-2021 are presented below: Ivanhoe Company Comparative Balance Sheets As of December 31, 2020 and
The condensed financial statements of Ivanhoe Company for the years 2020-2021 are presented below: Ivanhoe Company Comparative Balance Sheets As of December 31, 2020 and 2021 2021 2020 Cash $751,000 $89,500 Accounts receivable (net) 543,000 416,000 Inventories 570,000 510,000 Plant and equipment 2,642,000 1,601,000 Accumulated depreciation (387,000) (226,000) $4,119,000 $2,390,500 Accounts payable $510,000 $227,000 Dividends payable -0 64,500 Bonds payable 615,000 -0- Common stock ($10 par) 2,339,000 1,661,000 Retained earnings 655,000 438,000 $4,119,000 $2,390,500 Additional data: Market value of stock at 12/31/21 is $80 per share. Ivanhoe sold 42,000 shares of common stock at par on July 1, 2021. Ivanhoe Company Condensed Income Statement For the Year Ended December 31, 2021 Sales revenue $3,658,000 Cost of goods sold 2,412,000 Gross profit 1,246,000 Administrative and selling expenses 748,000 Net income $498,000 Compute the following financial ratios by placing the proper amounts for numerators and denominators. (Round per unit answers to 2 decimal places, e.g. 52.75.) (a) Current ratio at 12/31/21 $ $ (b) Acid test ratio at 12/31/21 $ (c) Accounts receivable turnover in 2021 $ $ (d) Inventory turnover in 2021 $ (e) Profit margin on sales in 2021 (1) Earnings per share in 2021 (e) Profit margin on sales in 2021 $ (f) Earnings per share in 2021 $ (9) Return on common stockholders' equity in 2021 JULIANA ta $ (h) Price earnings ratio at 12/31/21 $ (i) Debt to assets at 12/31/21 $ $ $ (i) Book value per share at 12/31/21
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