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The following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no intangible assets.
The following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no intangible assets.
Property, plant, and equipment (net) | $1,739,200 | |||||
Liabilities: | ||||||
Current liabilities | $218,000 | |||||
Mortgage note payable, 10%, ten-year note issued two years ago | 1,087,000 | |||||
Total liabilities | $1,305,000 | |||||
Stockholders' equity: | ||||||
Preferred $4 stock, $100 par (no change during year) | $783,000 | |||||
Common stock, $10 par (no change during year) | 783,000 | |||||
Retained earnings: | ||||||
Balance, beginning of year | $836,000 | |||||
Net income | 366,000 | $1,202,000 | ||||
Preferred dividends | $31,320 | |||||
Common dividends | 126,680 | (158,000) | ||||
Balance, end of year | 1,044,000 | |||||
Total stockholders' equity | $2,610,000 | |||||
Sales | $12,083,500 | |||||
Interest expense | $92,040 | |||||
Beginning-of-the-year amounts: | ||||||
Property, plant, and equipment (net) | $ 1,958,000 | |||||
Total assets | 3,719,000 | |||||
Retained earnings | 836,000 |
Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders' equity, (d) asset turnover, (e) return on total assets, (f) return on stockholders' equity, and (g) return on common stockholders' equity. Round to two decimal places.
a. | Debt ratio | |
b. | Ratio of fixed assets to long-term liabilities | |
c. | Ratio of liabilities to stockholders' equity | |
d. | Asset turnover | |
e. | Return on total assets | |
f. | Return on stockholders' equity | |
g. | Return on common stockholders' equity |
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