Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

g. Debt to equity ratio Begin by selecting the correct formula. Debt to equity ratio Now, compute the ratio for both companies for both years.

image text in transcribed image text in transcribed

g. Debt to equity ratio Begin by selecting the correct formula. Debt to equity ratio Now, compute the ratio for both companies for both years. (Enter your answers as a rate and not as a percentage. Round your answers to two decimal places, XXX.) Ratio Year PC FLV 2025 Debt to equity Debt to equity 2024 h. Profit margin ratio Begin by selecting the correct formula. Profit margin ratio Now, compute the ratio for both companies for both years. (Enter your answers as a percentage to two decimal placesthe nearest hundredth percent, X.XX%.) Ratio Year PC FLV Profit margin 2025 %% 96 Profit margin 2024 % % i. Asset turnover ratio Begin by selecting the correct formula. Asset turnover ratio Now, compute the ratio for both companies for both years. (Round your answers to two decimal places, X.xx.) Ratio Year PC FLV Asset turnover 2025 Current Liabilities $ $ 69,560 $ 31,690 60.220 29,950 90,900 $ 96,300 90,050 105,860 The Pull Company Comparative Financial Statements Years Ended December 31, Floatsy Life Vests Comparative Financial Statements Years Ended December 31, Long-term Liabilities 101,250 90,170 187,200 195,910 Total Liabilities Stockholders' Equity 2025 2024 2023 2025 2024 2023 Income Statement Common Stock 72,760 125,758 80,820 117,756 111,520 16,570 102,500 14,758 Net Sales Revenue $ 430.780 $ 258,790 425,060 256,977 $ 410,120 $ 383,440 299,120 280,910 Retained Earnings Total Stockholders' Equity ' Total Liabilities and 198,518 198,576 197,700 128,090 117,258 103,890 Cost of Goods Sold Gross Profit Operating Expenses 171.990 153,550 168,083 151,792 111,000 78,720 102,530 70,500 $ 299,768 $ $ 288,746 315,290 $ Stockholders' Equity 313,168 Operating Income 18,440 16,291 32,280 32,030 870 770 2.740 2,920 Other Data Interest Expense Income before Income Tax 17,570 29,540 29.110 Market price per share $ 21.44 $ 34.20 $ 46.30 $ 51.14 15,521 4,920 5,082 8,790 8,700 0.33 0.31 0.49 0.43 Income Tax Expense Annual dividend per share Weighted average number of shares outstanding 12,488 $ $ 10,601 $ Net Income 20,410 20,750 $ 8,900 7,400 8,900 7,400 Balance Sheet Assets $ 68,480 $ 70,172 Cash and Cash Equivalents Accounts Receivable 65,351 $ 39,860 44,750 44,460 $ 44,170 36,400 55,580 38,670 $ 65,270 37,250 76,370 59,940 Merchandise Inventory Other Current Assets Total Current Assets 79,940 16,190 66,340 16,868 68,510 24,729 209,360 90,408 197,840 90,906 198,450 116,840 196.770 116,398 Long-term Assets $ 299,768 $ 288,746 $ 276,346 315,290 $ 313,168 S 310,810 Total Assets Liabilities

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey Of Accounting

Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds

6th Edition

1260575292, 978-1260575293

More Books

Students also viewed these Accounting questions

Question

The number of new ideas that emerge

Answered: 1 week ago

Question

Technology

Answered: 1 week ago