The following financial statements apply to Benson Company: 2019 2018 8:56 $210,800 9,800 220, 600 $176,500 5,5001 182,000 124,400 19,400 9,700 2,600 19, 100 175,200 $ 45,400 101,200 17,400 8,700 2,600 18,000 147,900 $ 34,100 Revenues Net sales Other revenues Total revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities $ 4,600 1,900 36,700 101,700 3,700 148,600 105,300 20,600 $274,500 $ 6,700 1,900 31,700 95,900 2,700 138,900 105,300 $244,200 $ 38,800 16,700 55,500 65,400 120.900 $ 54,800 15,900 70,700 66,400 137.100 les 55,500 65,400 120,900 70.700 66,400 137.100 Bonds payable Total liabilities Stockholders' equity Common stock (46,800 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 114,400 39,200 153,600 $274,500 114,400 (2,380) 207 100 $244,200 Required Calculate the following ratios for 2018 and 2019. Since 2017 numbers are not presented, do not use averages when calculating the ratios for 2018. Instead, use the number presented on the 2018 balance sheet a. Net margin. (Round your answers to 2 decimal places.) b. Return on investment. (Round your answers to 2 decimal places.) c. Return on equity (Round your answers to 2 decimal places.) d. Earnings per share. (Round your answers to 2 decimal places.) e. Price-earnings ratio (market prices at the end of 2018 and 2019 were $6.09 and $4.84, respectively). (Round your intermediate calculations and final answers to 2 decimal places.) f. Book value per share of common stock. (Round your answers to 2 decimal places.) 9. Times interest earned. Exclude extraordinary income in the calculation as they cannot be expected to recur and, therefore, will not be available to satisfy future interest payments (Round your answers to 2 decimal places. h. Working capital 1. Current ratio. (Round your answers to 2 decimal places.) J. Quick (acid-test) ratio. (Round your answers to 2 decimal places.) k. Accounts receivable turnover (Round your answers to 2 decimal places. 1. Inventory turnover (Round your answers to 2 decimal places.) m. Debt to equity ratio. (Round your answers to 2 decimal places.) n. Debt to assets ratio. (Round your answers to the nearest whole percent.) k. Accounts receivable turnover. (Round your answers to 2 decimal places.) 1. Inventory turnover. (Round your answers to 2 decimal places.) m. Debt to equity ratio. (Round your answers to 2 decimal places.) n. Debt to assets ratio. (Round your answers to the nearest whole percent.) 2019 2018 a. Net margin % b. Return on investment % % % % % times times times times c. Return on equity d. Earnings per share e. Price-earnings ratio f. Book value g. Interest earned h. Working capital i. Current ratio j. Quick (acid-test) ratio k. Accounts receivable turnover 1. Inventory tumover m. Debt to equity ratio n. Debt to assets ratio times times times times % %
