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The following are financial statements of Metlock, Inc.. Metlock, Inc. Income Statement For the year ended December 31, 2017 net sales $2,230,100 cost of goods
The following are financial statements of Metlock, Inc..
Metlock, Inc. Income Statement For the year ended December 31, 2017 | ||
net sales | $2,230,100 | |
cost of goods sold | 1,028,700 | |
Selling and administrative expenses | 916,600 | |
Interest expenses | 97,800 | |
Income from tax expenses | 70,080 | |
Net income | $116,920 |
Metlock, Inc. Balance Sheet December 31, 2017 | ||
Assets | ||
Current assets | ||
Money | $71,700 | |
debt investments | 85,080 | |
Accounts receivable (net) | 188,000 | |
Inventory | 156,100 | |
Total current assets | 500,880 | |
Plant assets (net) | 591,600 | |
total assets | $1,092,480 | |
Liabilities and Equity | ||
current liabilities | ||
Accounts payable | $171,600 | |
Income taxes payable | 36,580 | |
Total current liabilities | 208,180 | |
Obligations with the public | 218,200 | |
Full responsibility | 426,380 | |
stockholders' equity | ||
Common actions | 366,300 | |
Retained earnings | 299,800 | |
Equity of total shareholders | 666,100 | |
Total liabilities and stockholders' equity | $1,092,480 |
Additional information:
Net cash provided by operating activities for 2017 was $202,400.
Cash used for capital expenditures was $108,300.
Cash used for dividends was $32,080.
The weighted average number of shares outstanding during the year was 50,000.
(A) | Calculate the following values and ratios for 2017. (We provide the 2016 results for comparison purposes.) |
(I) | Working capital. (2016: $160,500) $ | |
(ii) | current radius. (2016: 1.65:1) : | |
(iii) | Free cash flow. (2016: $48,700) $ | |
(iv) | Debt to assets ratio. (2016: 31%) % | |
(v) | Earnings per share. (2016: $3.15) $ |
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